CrypAnswers2- Dot

*polka dot*

Lesson 1 Question 1 of 3
What are some limitations of early blockchains like Bitcoin?
(3) Slow transaction speeds, high fees, and inability to communicate with other blockchains
Lesson 1 Question 2 of 3
What is Web 3.0?
(1) A new web based on decentralized technologies where users have more control over their data
Lesson 1 Question 3 of 3
How does Palkadot circumvent some of the limitations of previous blockchains?
(2) It allows multiple blockchains to communicate with each other and process transactions at the same time

Lesson 2 Question 1 of 3
What is a relay chain?
(4) A blockchain that connects other blockchains together and allows them to communicate
Lesson 2 Question 2 of 3
What is a parachain?
(1) A blockchain that connects to the relay chain and works in parallel with other parachains
Lesson 2 Question 3 of 3
What problems do parachains and relay chains solve?
(2) The inability of blockchains to communicate with each other

Lesson 3 Question 1 of 3
Who can vote for new initiatives like network upgrades on the Polkadot Network?
(1) People holding a DOT token
Lesson 3 Question 2 of 3
What is Polkadot's "On-Chain Treasury"?
(3) A collection of tokens that can be used to support projects that benefit the network
Lesson 3 Question 3 of 3
How is Polkadot's governance system different from some other popular blockchains?
(4) It is governed by a community by vote

Lesson 4 Question 1 of 3
What is the name of Polkadot's native crypto token?
(3) DOT
Lesson 4 Question 2 of 3
What is staking your DOT tokens?
(1) Help secure the network by temporarily locking DOT tokens in exchange for a reward in DOT tokens
Lesson 4 Question 3 of 3
What is the "bonding" of your DOT tokens?
(1) Blocking tokens to secure a spot for your parachain on the relay chain

Lesson 5 Question 1 of 3
What are some use cases of Polkadot?
(4) NFTs, DeFi, Smart Cities
Lesson 5 Question 2 of 3
What distinguishes applications based on Palkadot from the apps on your phone
(2) Polkadot apps don't need a middleman for your work and can better protect your data
Lesson 5 Question 3 of 3
How do apps communicate on parachains?
(1) Via the relay chain