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How does Orbaic plan to maintain a decentralized network in the roadmap?
- Ignoring decentralization principles
- Encouraging diverse and distributed validator networks
- Avoiding participation from different geographical regions
- Limiting incentives for individuals to become validators
What technology is used to link individual blocks together in a blockchain, ensuring the integrity of the entire transaction history?
- Merkle Trees
- Segregated Witness (SegWit)
- Ring Signatures
- Atomic Swaps
What is the objective of the ‘Global Scaling and Expansion’ phase in the Orbaic roadmap?
- Discouraging global partnerships
- Exploring cross-chain interoperability
- Avoiding DeFi integration
- Limiting educational initiatives for global growth
What is the significance of the Bitcoin halving event?
- Rewarding miners for validating transactions
- Increasing block size for faster transactions
- Adjusting mining difficulty
- Halving the rate at which new bitcoins are created
How are ACI tokens distributed?
- Through airdrops to wallet holders
- Through mining
- Through a combination of token sales, rewards, and incentives
- Through government grants
What is the main purpose of the ACI token in Orbaic’s DeFi integration?
- Enhancing traditional banking
- Facilitating cross-border transactions
- Serving as a medium of exchange for DeFi activities
- Generating graphic design elements
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What role does the Orbaic Web3 Wallet play in the ecosystem?
- Secure wallet for physical currency
- Storage for personal documents
- Platform for decentralized applications
- Social media network
What is a DAO (Decentralized Autonomous Organization) in the context of Web3?
- An organization governed by community-driven smart contracts
- A platform for fundraising and managing decentralized projects
- A group of individuals united by a shared interest in blockchain technology
- All of the above
Which of the following is a potential impact of Web3 and Layer 1 blockchains on our lives in the future?
- Increased control over personal data and privacy
- More equitable access to financial services and opportunities
- Greater participation in governance and decision-making processes
- All of the above
In which phase of the roadmap does Orbaic plan to integrate AI for advanced layer 1 functionalities?
- Phase 1
- Phase 2
- Phase 3
- Phase 4
How does Orbaic plan to innovate as an AI-integrated hub in Phase 4?
- Ignoring AI integration
- Limiting capabilities
- Integrating AI for advanced layer 1 functionalities and partnering with AI leaders
- Avoiding innovation in layer 1 functionalities
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What is the primary function of a hardware wallet in the context of cryptocurrencies?
- Mining cryptocurrencies
- Storing private keys offline
- Facilitating peer-to-peer transactions
- Running blockchain nodes
What is the primary function of a ‘fork’ in the context of cryptocurrency development?
- Creating a new coin
- Merging two blockchains
- Implementing software updates
- Reversing transactions
What is the purpose of an Initial Coin Offering (ICO) in the cryptocurrency space?
- Mining new coins
- Distributing free coins
- Raising funds for a new project
- Staking existing coins
How does Orbaic address scalability challenges in its blockchain?
- Ignoring scalability challenges
- Implementing off-chain transaction channels, layer-two scaling techniques, and research and development efforts
- Promoting scalability challenges
- Avoiding blockchain optimization
How does Orbaic encourage community involvement in its governance model?
- Ignoring community involvement
- No voting mechanisms
- Implementing voting and governance mechanisms for token holders
- Promoting centralized decision-making
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What is the primary focus of forming strategic partnerships in Phase 4 of the roadmap?
- Discouraging partnerships
- Elevating the crypto token’s credibility and market standing
- Avoiding collaborations for growth
- Limiting community engagement in partnerships
How does Orbaic plan to address the challenges of scalability in its blockchain network?
- Implementing proof-of-work consensus
- Emphasizing token burning
- Exploring cross-chain compatibility
- Using sharding and layer-2 scaling solutions
What technology is at the core of the Orbaic ecosystem’s blockchain protocol?
- Web2
- Web 1
- Web4
- Web3
What risk category is highlighted as a potential challenge for the Orbaic project in the white paper?
- Market volatility
- Web3 wallet security
- Tokenization of assets
- Cross-chain compatibility
What is Orbaic?
- A blockchain platform for trading commodities
- A decentralized platform for scientific research and innovation
- A cryptocurrency for online gaming
- A type of cryptocurrency mining that is done using specialized hardware
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What is the purpose of the ‘Orbaic Miner’ app mentioned in the white paper?
- Discouraging user engagement
- Enhancing user participation in token mining
- Avoiding mining activities
- Limiting app functionalities
What key principle of blockchain technology does Orbaic emphasize in maintaining a decentralized network?
- Centralization of power
- Geographical concentration
- Token burning
- Distributed validator network
Which term is used to describe the phenomenon when cryptocurrency prices experience a rapid and substantial decline?
- Bull market
- Bear market
- Flippening
- Halving
What is the main advantage of using the Polkadot blockchain for the Orbaic project?
- High transaction speed
- Low transaction fees
- Interoperability with other blockchains
- Enhanced security
How does Orbaic plan to approach listings on cryptocurrency exchanges in Phase 4?
- Avoiding exchange listings
- Transparently communicating listing plans, considering liquidity, user base, and regulatory compliance
- Ignoring liquidity concerns
- Limiting user access to ACI
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What is the focus of Orbaic’s Phase 4, Q3 milestone, ‘Strategic Partnerships’?
- Ignoring market standing
- Elevating crypto token credibility
- Avoiding community engagement
- Promoting isolation
What is the primary benefit of cross-chain compatibility in the Orbaic roadmap?
- Limiting asset transfer between blockchains
- Facilitating interoperability and seamless asset transfer between Orbaic and other networks
- Ignoring interoperability solutions
- Avoiding communication between different blockchains
What is the key role of ACI tokens in the Orbaic ecosystem?
- Discouraging value transfer within the network
- Serving as the primary means of value transfer, transaction fees, and incentivizing network participants
- Avoiding involvement in financial transactions
- Limiting versatility for various use cases
How does Orbaic plan to incorporate ACI into DeFi applications in Phase 3?
- Avoiding DeFi integration
- Ignoring partnerships
- Partnering with DeFi protocols for lending, borrowing, liquidity, and yield farming
- Limiting ACI utility
Which cryptocurrency introduced the concept of ‘smart contracts’ to the blockchain space?
- Bitcoin
- Litecoin
- Ethereum
- Ripple (XRP)
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How does Orbaic plan to educate the broader public about blockchain technology?
- Avoiding education initiatives
- Ignoring the potential of blockchain technology
- Raising awareness and promoting understanding through dedicated educational efforts
- Limiting community outreach initiatives
How does Orbaic plan to address scalability challenges in its roadmap?
- Ignoring scalability solutions
- Implementing off-chain transaction channels and layer-two scaling techniques
- Avoiding collaborations with other blockchain projects
- Limiting transaction processing capabilities
Which cryptocurrency is associated with the concept of ‘programmable money’ and the creation of decentralized autonomous organizations (DAOs)?
- Airdrop
- Enhanced transaction privacy
- Ethereum
- Rewarding miners for validating transactions
In which sector does Orbaic aim to provide fast and cost-effective solutions using the ACI token and its blockchain?
- Traditional agriculture
- Supply chain management
- Oil and gas exploration
- Print media
Which of the following Layer 1 protocols is specifically designed for the development of decentralized social media platforms?
- Steem
- Tezos
- NEO
- IOTa
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Which of the following Layer 1 protocols is focused on providing privacy and anonymity through the implementation of zero-knowledge proofs?
- Monero
- NEO
- Polkadot
- Cosmos
Which of the following statements best describes Layer 1 in blockchain technology?
- The layer responsible for building decentralized applications (DApps)
- The layer that enables interoperability between different blockchains
- The layer that establishes the underlying protocol and consensus rules
- The layer that focuses on privacy and security enhancements
What is a cold wallet in cryptocurrency?
- A cryptocurrency wallet that is used for frequent and active trading
- A cryptocurrency wallet that is not connected to the internet and is used for storing large amounts of cryptocurrency
- A cryptocurrency wallet that is used for mining new coins
- A cryptocurrency wallet that is used for staking coins to earn rewards
What is the primary purpose of Layer 1 protocols in terms of blockchain scalability?
- Implementing off-chain scaling solutions
- Enabling cross-chain atomic swaps
- Introducing sharding and parallel processing
- Optimizing transaction finality
What is the role of the Orbaic Council?
- To create and implement sustainable development policies
- To oversee the development of the Orbaic ecosystem
- To provide guidance and support to Orbaic project teams
- All of the above
What is a blockchain?
- A type of cryptocurrency
- A digital ledger that records transactions
- A type of wallet used to store cryptocurrency
- An exchange where you can buy and sell cryptocurrency
Which Layer 1 protocol aims to provide a highly scalable and secure blockchain platform for Internet of Things (IoT) applications?
- Cardano
- EOS
- IOTA
- Zilliqa
Which Layer 1 protocol aims to provide a scalable and interoperable blockchain platform through the use of Substrate framework?
- Cosmos
- Polkadot
- Zilliqa
- Ethereum
What is the main advantage of Layer 1 protocols over Layer 2 solutions?
- Layer 1 protocols provide faster transaction processing times
- Layer 1 protocols offer higher security guarantees
- Layer 1 protocols have lower transaction fees
- Layer 1 protocols enable more complex smart contract execution
What is a stablecoin in cryptocurrency?
- A type of cryptocurrency that has a fixed price that is pegged to a real-world asset, such as the US dollar or gold
- A type of cryptocurrency that is highly volatile and has no fixed price
- A type of cryptocurrency that is used exclusively for illegal activities, such as money laundering and drug trafficking
- A type of cryptocurrency that is only used for speculative purposes and cannot be used for real-world transactions
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What is the role of the Orbaic Foundation?
- To manage and oversee the development and implementation of sustainable development projects
- To create marketing campaigns
- To provide customer support
- To conduct research on blockchain technology
Which Layer 1 protocol utilizes a hybrid consensus mechanism called Proof of Authority (PoA)?
- Tezos
- Tron
- Algorand
- VeChain
What is the role of the ACI token in the Orbaic platform’s governance?
- Token holders have voting rights on important platform decisions
- Token holders receive a share of the platform’s profits
- Token holders are responsible for developing and implementing new research projects
- A cryptocurrency wallet that is used for staking coins to earn rewards
Which of the following Layer 1 protocols utilizes a consensus mechanism called ‘Tendermint’?
- Cardano
- Tezos
- Algorand
- Ethereum
Which Layer 1 protocol introduced the concept of Proof of Work (PoW)?
- Bitcoin
- Ethereum
- Ripple
- Cardano
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Layer 1 protocols are primarily responsible for:
- Implementing privacy features in blockchain transactions
- Enabling cross-chain interoperability between different blockchains
- Facilitating the execution of smart contracts on the blockchain
- Establishing the underlying infrastructure and consensus rules of the blockchain network
Who can participate in Orbaic’s sustainable development projects?
- Only accredited investors
- Only residents of specific countries
- Anyone can participate, regardless of their location or background
- Only individuals with a specific educational background
Which of the following Layer 1 protocols is designed specifically for enabling high-speed, scalable, and secure decentralized applications?
- Polkadot
- Binance Smart Chain
- Solana
- Tezos
Which Layer 1 protocol introduced the concept of a ‘blockchain as a service’ platform?
- Ethereum
- Binance Smart Chain
- Azure Blockchain
- Palkadot
What is a pump and dump scheme in cryptocurrency?
- A strategy used by cryptocurrency traders to drive up the price of a coin and then sell it for a profit
- A type of cryptocurrency mining that uses a lot of energy and produces a lot of heat
- A type of cryptocurrency wallet that is connected to a hardware device, such as a smartphone or tablet
- A mechanism used by miners to verify and add new transactions to the blockchain
What is a decentralized exchange (DEX) in cryptocurrency?
- An exchange that is operated by a single entity and is centrally controlled
- An exchange that allows users to trade cryptocurrencies without the need for a centralized intermediary
- An exchange that is only accessible through a Tor browser and is used for illegal activities
- An exchange that is specifically designed for trading stablecoins
Which Layer 1 protocol is designed to enable the creation of decentralized applications (DApps) with a focus on high performance and scalability?
- Ethereum.
- Bitcoin.
- Ripple.
- Polkadot.
Which of the following Layer 1 protocols uses a consensus mechanism called Avalanche?
- Solana
- Algorand
- Chainlink
- Zilliqa
How is the Orbaic platform different from traditional scientific research institutions?
- It allows for more collaborative and decentralized research efforts
- It has no centralized authority or governance
- It relies solely on blockchain technology for research data storage and analysis
- An exchange that is specifically designed for trading stablecoins
What is the main function of Layer 1 in a blockchain network?
- Handling transaction validation and processing.
- Enforcing consensus rules and maintaining network security.
- Providing a user interface for interacting with the blockchain.
- Storing and managing user identities and access control.
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What is the main focus of the Orbaic project?
- Decentralized finance
- Social media platform
- Sustainable development
- Artificial intelligence
Which of the following is an example of a Layer 1 protocol that utilizes Proof of Stake (PoS) consensus?
- Bitcoin.
- Ethereum.
- Litecoin.
- Stellar.
Which Layer 1 protocol aims to provide a scalable and high-performance blockchain platform for decentralized applications (DApps) through the use of a hierarchical block lattice structure?
- Nano.
- Cardano.
- Chainlink.
- Tezos.
What is the purpose of the Orbaic marketplace?
- To facilitate the exchange of sustainable products and services between users.
- To showcase sustainable development projects
- To provide a platform for social networking
- To promote sustainable agriculture
What is the maximum supply of ACI tokens?
- 50,000,000
- Not Fix Yet
- 150,000,000
- 200,000,000
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What is the main advantage of Layer 1 protocols that utilize Proof of Stake (PoS) consensus over Proof of Work (POW) protocols?
- Greater decentralization.
- Higher transaction throughput.
- Lower energy consumption.
- Stronger resistance to 51% attacks.
What is the primary purpose of the Orbaic project and the ACI token?
- To create a decentralized platform for managing supply chain data
- To provide a platform for secure and private communication between individuals.
- To develop a blockchain-based solution for managing healthcare records.
- To create a decentralized marketplace for buying and selling digital assets.
Layer 1 protocols primarily focus on which of the following aspects of blockchain technology?
- Scalability.
- Privacy.
- Interoperability.
- Smart contract execution.
Layer 1 protocols primarily focus on:
- Privacy and anonymity features.
- Scalability and network throughput.
- Interoperability with traditional banking systems.
- Smart contract execution efficiency.
What is the primary purpose of Layer 1 protocols?
- Enabling interoperability between different blockchains.
- Providing a platform for developing decentralized applications (DApps).
- Facilitating fast and low-cost transactions.
- Establishing the fundamental rules and structure of a blockchain network.
Which of the following Layer 1 protocols utilizes a hybrid consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT)?
- VeChain.
- NEO.
- Algorand.
- Cosmos.
What is a mining pool in cryptocurrency?
- A group of cryptocurrency traders who collaborate to make trades
- A group of cryptocurrency wallets that are connected to each other
- A group of cryptocurrency miners who combine their computing power to increase their chances of solving a block and earning a reward
- A group of cryptocurrency investors who pool their money together to buy and hold large amounts of a specific cryptocurrency
Which Layer 1 protocol aims to provide a scalable and secure platform for decentralized finance (DeFi) applications?
- Ethereum.
- Polkadot.
- TRON.
- Stellar.
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Which of the following Layer 1 protocols utilizes a consensus mechanism called ‘HotStuff’?
- Avalanche.
- EOS.
- VeChain.
- Ripple.
Which of the following Layer 1 protocols is focused on providing a sustainable, environmentally friendly blockchain platform?
- Ripple.
- Cardano.
- Hedera Hashgraph.
- Tezos.
Which Layer 1 blockchain protocol introduced the concept of smart contracts?
- Bitcoin.
- Ethereum.
- Litecoin.
- Ripple.
Layer 1 protocols primarily focus on which of the following aspects of blockchain technology?
- Transaction speed and throughput.
- Privacy and anonymity features.
- Interoperability with other blockchains.
- Security and consensus mechanisms.
Which blockchain platform does ACI will use?
- Bitcoin
- Ripple
- Litecoin
- Layer 1
What is a smart contract in cryptocurrency?
- A contract that is written in computer code and automatically executes when certain conditions are met
- A contract between two parties that is enforced by a third-party intermediary
- A contract that is only valid for a certain period of time
- A contract that is written in natural language and can be understood by anyone
Which of the following Layer 1 protocols allows for the creation of new blockchains that can interoperate with each other?
- Cosmos.
- Algorand
- TRON.
- NEM.
Which Layer 1 protocol aims to provide a highly scalable and environmentally friendly blockchain platform through the use of Directed Acyclic Graph (DAG) technology?
- IOTA
- NEO.
- EOS.
- VeChain.
What is a whitepaper in cryptocurrency?
- A document that outlines the technical specifications and features of a cryptocurrency project
- A document that outlines the financial projections and potential returns of a cryptocurrency investment
- A document that outlines the legal and regulatory framework for a cryptocurrency project
- A document that outlines the marketing and promotional strategies for a cryptocurrency project
What is the purpose of the ACI staking program?
- To earn interest on ACI tokens
- To support the development of sustainable projects
- To participate in governance decisions
- All of the above
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What is the main purpose of Layer 1 protocols in terms of blockchain consensus?
- Ensuring data integrity and immutability.
- Facilitating secure peer-to-peer transactions.
- Enabling efficient token swaps and liquidity provision.
- Implementing privacy-preserving techniques.
Which of the following Layer 1 protocols utilizes a consensus mechanism called Proof of Burn?
- Ripple.
- Stellar.
- Dogecoin.
- Counterparty.
Layer 1 protocols primarily focus on:
- Improving transaction privacy and anonymity.
- Enabling cross-chain communication.
- Establishing consensus and network security.
- Enhancing smart contract functionality.
Which of the following Layer 1 protocols introduced the concept of sharding to improve blockchain scalability?
- Bitcoin.
- Ethereum.
- Ripple.
- Zilliqa
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