Binance Tezos (XTZ) Quiz Answers
Q1) What is Tezos’ native coin?
Answer: tez (xtz)
Q2) How does Tezos increase security in the network?
Answer: By being deeply decentralized
Q3) What are some of the types of decentralized applications built on the Tezos blockchain?
Answer: All are correct
Q4) What are some use cases of Tezos’ native coin?
Answer: Voting rights & Becoming a validator
Q5) Who can participate in securing the network?
Answer: Users who delegate their Tez (XTZ) tokens to bakers & Validators called bakers
Q6) What is the consensus mechanism model used by Tezos called?
Answer: Liquid Proof of Stake
Q7) Which of the following are true?
Answer: Tezos’ unique self-amending protocol prevents hard forks & Tezos’ code is open-source code
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