06.01.2025

Revolut quiz answers



Below you will find the answers to the quiz. To pass the quiz you need 100% correct answers.

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How to access quizzes?


For knowledge quizzes to appear in your Revolut app, you must make any transaction in the Cryptocurrencies tab (if you have already done this, the quizzes should automatically appear in your app).

If you have never used the cryptocurrency function in Revolut, you should go to the Cryptocurrencies tab and click the start button. Then you should buy any cryptocurrency for a symbolic 1 euro. You can do this using the invest button. After completing the transaction, the Education section will appear under Statistics in the Cryptocurrencies tab.

Quiz answers


Revolut Quiz Crypto Basics

Crypto vs fiat

  1. What is 'fiat' money?

    Government-issued money

  2. What are the main differences between fiat currencies and cryptocurrencies?

    Cryptocurrencies are decentralised, fiat money is controlled by a central authority

  3. Who validates transactions on the blockchain?

    Special users that are called ‘miners’ or validators

Revolut Quiz Crypto Basics

Cryptography in crypto

  1. Why is cryptography important for cryptocurrencies?

    It (cryptography) removes the need for a central authority, prevents double spending, and adds security

  2. What are private and public keys for cryptocurrencies?

    A public key is like your account number, and your private key is like your password

  3. Which statement is true about private and public keys?

    It’s impossible to work out someone’s private key by looking at their public key

Revolut Quiz Crypto Basics

Basics of Blockchain

  1. What is a Blockchain?

    A decentralised database

  2. Who can view the Blockchain?

    Anyone can view the Blockchain with a computer and an Internet connection

  3. What makes the Blockchain different from a regular database?

    It’s not controlled by any central party and can be viewed by anyone

Revolut Quiz Crypto Basics

Risks of crypto

  1. What regulatory protections does your crypto have?

    None – crypto is not regulated in most countries worldwide

  2. How much can you lose if you buy cryptocurrencies?

    Everything! Your investment could go to zero

  3. When would it not be suitable to buy cryptocurrencies?

    When one is in debt or cannot afford to lose the money invested

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Revolut Quiz Polkadot

Intro to Polkadot

  1. What are some limitations of early blockchains like Bitcoin?

    Slow transaction speeds, high fees and inability to communicate with other blockchains

  2. What is Web 3.0?

    A new web built around decentralised technologies, where users have more control of their data

  3. How does Polkadot address some of the limitations of earlier blockchains?

    Polkadot allows multiple blockchains to communicate with each other and process transactions at the same time

Revolut Quiz Polkadot

How Polkadot works

  1. What is a relay chain?

    A blockchain that connects other blockchains and allows them to communicate

  2. What is a parachain?

    A blockchain connects to the Relay chain and operates parallel to other parachains

  3. What problems do parachains and relay chains solve?

    The inability of blockchains to communicate with each other

Revolut Quiz Polkadot

Who decides the future of Polkadot

  1. Who can vote for new initiatives, i.e. Polkadot network upgrades?

    People who hold Polkadot (DOT) tokens

  2. What is Polkadots ‘on-chain’ treasury?

    A container of tokens that can be used to support projects that benefit the Polkadot network

  3. How does Polkadot’s governance system differ from other popular blockchains?

    It’s governed by a community through voting

Revolut Quiz Polkadot

DOT Token

  1. What is Polkadot’s crypto token called?

    DOT

  2. What does ‘staking’ your Polkadot (DOT) tokens mean?

    It helps secure the network by locking up DOT tokens in return for a reward in DOT tokens

  3. What does ‘bonding’ your Polkadot tokens mean?

    Locking up tokens to secure a slot for your para chain on the relay chain

Revolut Quiz Polkadot

Polkadot and its uses

  1. What are some use cases of Polkadot?

    NFTs, powering smart cities, DeFi, etc.

  2. What makes apps built on Polkadot different from the apps on your phone?

    Polkadot applications don’t need to rely on a middleman to work and can keep your data secure

  3. How do applications on parachains communicate?

    Via the Relay Chain

Revolut Quiz 1Inch

Decentralised exchanges

  1. Who facilitates an exchange on a DEX?

    No one. The exchange is made peer-to-peer

  2. Which of the following is a decentralised exchange?

    Uniswap

  3. What does DEX stand for in crypto?

    Decentralised exchange

Revolut Quiz 1Inch

How does 1inch get the best prices?

  1. What is the name of 1inch’s price search algorithm?

    Pathfinder

  2. How does 1inch find the best prices?

    1inch aggregates trade options across DEX platforms

  3. Which of the following is not a feature of 1inch’s Pathfinder?

    Provide directions to your destination

Revolut Quiz 1Inch

DAOs and governance

  1. Which of the following is a characteristic of a DAO?

    Decentralised

  2. Who can vote on 1inch proposals?

    Users who stake their 1INCH tokens

  3. What is an example of a proposal that 1inch DAO members could vote on?

    Allocating treasury funds for a particular proposal

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Revolut Quiz bonus Polkadot

Staking with Polkadot

  1. What is Nominated Proof of Stake?

    Polkadot’s energy-efficient way of validation transactions

  2. What are Nominators?

    Users who stake their DOT tokens by selecting validators

  3. What are the main reasons for users to participate in staking?

    To help secure the network and earn DOT rewards

Revolut Quiz bonus Polkadot

Linking the chains

  1. Which of the following is not a benefit of Polkadot’s multichain design?

    It allows users to earn rewards

  2. What is blockchain interoperability?

    When blockchains can communicate and work together

  3. Which of the following is not an aspect of interoperability on Polkadot?

    It’s only for transferring tokens

Revolut Quiz Avalanche

What is Avalanche?

  1. What is Avalanche’s native token?

    AVAX

  2. Which is true about the Avalanche Consensus Protocol?

    The Avalanche Consensus Protocol uses less energy than other blockchains

  3. Which of these is a requirement to be an Avalanche validator?

    Stake at least 2,000 AVAX tokens

Revolut Quiz Avalanche

How does Avalanche scale?

  1. What does Avalanche use to improve transaction speed?

    Subnets

  2. Why are Subnet’s membership options useful for financial services companies?

    They can support compliance requirements

  3. Which of the following is a benefit of Subnets for users, long-term?

    More affordable gas fees

Revolut Quiz Algorand

Intro to Algorand

  1. Which of the following is true about transactions on Algorand?

    They are secure, super fast, and low in cost

  2. What is Algorand’s consensus protocol?

    Pure Proof of Stake

  3. How is Algorand different from other blockchains?

    It doesn’t fork

Revolut Quiz Algorand

Algorand & Sustainability

  1. What makes Algorand sustainable?

    All of the above

  2. What happens when a governor fails to maintain their stake of ALGO during the governance period?

    They will lose their governance rewards

  3. How does Algorand stay carbon neutral?

    By partnering with global organisations to offset carbon emissions

Revolut Quiz Near

Intro to NEAR

  1. What is NEAR Protocol?

    A proof-of-stake, Layer 1 blockchain

  2. What is the purpose of Nightshade Shading in NEAR’s blockchain?

    To enhance scalability and efficiency in transaction processing

Revolut Quiz Near

Blockchain Operating System

  1. What is the Blockchain Operating System (BOS)?

    An operating system designed specifically for Web3

  2. What’s the main purpose of the BOS in the NEAR Protocol ecosystem?

    To allow developers to easily build and distribute decentralised apps

  3. What type of applications can be found on the BOS?

    Social media apps, loyalty programs, NFT marketplaces and more

Revolut Quiz Axelar

Meet Axelar

  1. Which of the following can describe Axelar?

    All of the above

  2. What is the backbone of Axelar’s security approach?

    Decentralisation

  3. Which of the following is true?

    With Axelar, applications can seamlessly integrate with any blockchain

Revolut Quiz Axelar

The AXL Token

  1. How does Axelar recognise validators and token holders who faithfully secure the network?

    By attributing rewards and a share of fees for transactions on the network

  2. Regarding Axelar’s token economics, which of the following is true?

    The best structure for the network will be determined by Axelar tokenholders

Revolut Quiz Axelar

Axelar’s cross-chain future

  1. How does Axelar improve on the security approach of first-generation bridges?

    Using proof-of-stake validation

  2. Which of the following is true about Aelar General Message Passing?

    It allows applications to send and receive logic across different chains, promoting cross-chain integration

  3. What differentiates Web3 development from traditional app development?

    Web3 allows developers to integrate applications across blockchains, making a potential super app possible

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Revolut Quiz iExec

Intro to iExec

  1. What benefits does iExec bring to Web3?

    All of the above

  2. How is the RLC token used on the Marketplace?

    As the method of exchange on the iExec Marketplace, and to secure the platform

  3. What are the key offerings from iExec to its developers?

    All of the above

Revolut Quiz iExec

iExec’s latest product

  1. Why is communicating with Web3 users challenging?

    Web3 users interact using crypto wallets

  2. Which of iExec’s developer tools allows for sending emails to registered Ethereum account holders, without needing to know their email addresses?

    Web3Mail

  3. How can Privacy-Enhancing Marketing – iExec’s latest developer product – benefit users in the Web3 ecosystem?

    It enables users to monetise receiving emails while preserving their privacy

Revolut Quiz Oasis

Intro to Oasis

  1. Why is the Oasis Network token named ROSE?

    Roses symbolise privacy

  2. When was the Oasis Network launched?

    2018

  3. Which of the following is an Oasis community programme?

    All of the above

Revolut Quiz Oasis

How Oasis works

  1. How does Oasis achieve efficiency and confidentiality in its transactions?

    By operating separate consensus and application layers

  2. What secure computing technology does Oasis use?

    Trusted Execution Environment

  3. What name is given to Oasis computing environments that have a shared state?

    Parallel Runtimes

Revolut Quiz Oasis

Oasis and Smart Privacy

  1. What problem does Oasis privacy solve?

    Blockchain Privacy Dilemma

  2. What does the Oasis Network build?

    Smart privacy for dApps

  3. What cross-chain privacy framework did Oasis build?

    Oasis Privacy Layer

Revolut Quiz Sui

Intro to Sui

  1. What key features does Sui provide for blockchain users?

    All of the above

  2. Which smart contract programming language does Sui use?

    Move

  3. What’s the relationship between Sui and the Move programming language?

    Answers 1 and 3

Revolut Quiz Sui

Sui architecture

  1. Which of these statements are true? Composability on Sui…

    All of the above

  2. What makes ownership on Sui different from other blockchains?

    It’s directly associated with the owner

  3. How does Move on Sui create safer apps?

    All of the above

Revolut Quiz Sui

Sui’s user experience

  1. What is not part of Sui’s vision for better experience (UX)?

    Limiting user abilities

  2. What are two of the main barriers for users on the blockchain?

    Wallets and gas fees

  3. Why does Sui provide tools for developers?

    All of the above

Revolut Quiz Sui

SUI and the Sui ecosystem

  1. What is the SUI token not used for?

    Proof-of-work

  2. What types of apps does Sui support?

    All app types

  3. In what sectors can Sui be used to build new products and services?

    All of the above

Revolut Quiz BONK

Introducing BONK

  1. BONK is a cryptocurrency token built on which blockchain?

    Solana

  2. How was BONK originally distributed?

    Through an airdrop to Solana’s active community members

  3. BONK’s usability and reach has cemented it as…

    the social token of Solana

Revolut Quiz BONK

BONK adoption

  1. Which of BONKswap’s key features allows users to perform a standard direct swap?

    Token Swap

  2. With BONKbot, which app can users use to trade in a simple and fast way?

    Telegram

  3. Which of the following enables users to earn rewards from community-built BONK ecosystem products by locking their BONK tokens?

    BONKrewards

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Revolut Quiz Sei

What is Sei?

  1. What is Sei best described as?

    The fastest Layer-1 blockchain

  2. What is Sei primarily optimised for?

    Any kind of consumer-grade decentralised application

  3. What is Sei’s block finalisation time?

    390 milliseconds

Revolut Quiz Sei

Sei’s technological innovations

  1. What distinguishes Sei’s Ethereum Virtual Machine (EVM) from traditional EVMs?

    It is the world’s first parallelised EVM

  2. What is the primary advantage of Sei’s Optimistic Parallelisation technology?

    It allows transactions to be processed simultaneously

  3. What is Sei DB tailored for?

    Handling large amounts of data efficiently

Revolut Quiz Sei

Sei’s key features & benefits

  1. What is single slot finality on Sei?

    Confirming transactions within one network operation cycle

  2. How does Sei enhance the user and developer experience?

    By providing smooth and intuitive interactions for users and offering efficient tools for developers

  3. What is the primary objective of the Parallel Stack framework?

    Faciliating the development of maximally performant Layer-2 solutions

Revolut Quiz Sei

Sei’s ecosystem

  1. What types of applications does Sei’s ecosystem support?

    A broad range of applications, including digital asset exchanges and DeFi

  2. What are the uses of the SEI token within the ecosystem?

    For governance, staking, and paying transaction fees

  3. What is Sei Network’s approach to sustaining its blockchain ecosystem?

    Continuously improving its technology and architecture

Revolut Quiz Floki

What is Floki?

  1. What are members of the Floki community called?

    Floki Vikings

  2. Why did Floki become a DAO?

    All of the above

  3. What are the three core pillars of the Floki ecosystem?

    Community, charity, and utility

Revolut Quiz Floki

Floki’s mission

  1. Floki’s mission

    To become the most known and used cryptocurrency in the world

  2. Which of these are utility products in the Floki ecosystem?

    All of the above

  3. What are some of Floki’s charitable initiatives?

    All of the above

Revolut Quiz Floki

Utility Products

  1. What is TokenFi?

    An all-in-one platform for creating tokens and tokenising Real World Assets

  2. What is Floki’s Valhalla?

    An immersive play-to-earn metaverse game

  3. What is FlokiFi Locker?

    A protocol to lock liquidity pool tokens and digital assets

Revolut Quiz Cronos

What is Cronos?

  1. How many blockchain networks are there in the Cronos ecosystem?

    3

  2. What cryptocurrency is used to pay for transaction fees?

    CRO

  3. Where can users discover the list of apps hosted on Cronos?

    discover.cronos.org

Revolut Quiz bonus Cronos

What is DeFi?

  1. What does DeFi mean?

    Decentralised Finance

  2. How does DeFi ensure secure transactions?

    By smart contracts written in code

  3. Which of the following characteristics of DeFi is true?

    DeFi relies on user-to-user transactions to create financial solutions

Revolut Quiz Cronos

What is Web3 gaming?

  1. What is a Web3 game?

    An online game where players own their in-game assets

  2. What does NFT stand for?

    Non-Fungible Token

  3. What is Cronos?

    Cronos is a blockchain ecosystem hosting Web3 games

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Revolut Quiz Pyth

Introducing the Pyth Network

  1. What is the oracle problem?

    Blockchains can't send or receive data from external systems

  2. Which statement represents Pyth's core business model?

    Pyth connects market data to blockchains

  3. Which of the following categories are the majority of PUTH tokens used for?

    Ecosystem growth

Revolut Quiz bonus Pyth

Pyth Price Feeds

  1. Pyth price feeds consist of interactions between the following parties:

    Financial institutions, Pyth Network, and applications

  2. What are the benefits of a pull oracle model vs a push oracle model?

    Trust, cost, and speed

  3. How many cross-chain updates has Pyth published?

    Over 1 billion

Revolut Quiz promo Pyth

Pyth Oracle Integrity Staking

  1. Who does Oracle Integrity Staking protect?

    DeFi applications and their users

  2. When can stake tokens be slashed and distributed to impacted parties?

    When data providers publish inaccurate data

  3. Pyth Network is the first oracle to...

    Offer protection for all published price feed data

Revolut Quiz Ethena

What is Ethena?

  1. What is the primary objective of Ethena?

    To develop a stable, crypto-native dollar called USDe

  2. How does USDe maintain its stability?

    By using derivatives to hedge asset values

  3. What is the Internet Bond?

    A globally accessible dollar denominated rewards instrument

Revolut Quiz bonus Ethena

The ENA Token

  1. What is the purpose of locking ENA within Ethena?

    Too boost potential future rewards and encourage long-term growth alignment

  2. How much ENA is currently held in Pendle Finance PT-ENA pools?

    160 mln ENA

  3. What is the first use case for restaking pools for staked ENA?

    To provide economic security for cross-chain transfers of USDe

Revolut Quiz LimeWire

Introduction to LimeWire

  1. When was LimeWire relaunched in the AI & cryto space?

    2020

  2. What is the ticker of the LimeWire token?

    LMWR

  3. What are the 3 core elements of the LimeWire AI ecosystem?

    LimeWire.com, Blocknode, LMWR token

Revolut Quiz bonus LimeWire

Blocknode by LimeWire

  1. What is Blocknode by LimeWire?

    A decentralised marketplace for GPUs

  2. What is Blocknode's mission?

    To make AI infrastructure affordable and sccessible for everyone

  3. How are LMWR token and Blocknode connected?

    LMWR is the payment and reward token of Blocknode

Revolut Quiz promo LimeWire

The LimeWire token (LMWR)

  1. What is LimeWire's tagline?

    Create, collaborate, share

  2. How many pieces of content have been created with the help of the LimeWire Studio?

    500+ million

  3. What type of token is LMWR?

    Utility token