Hard Crypto Quiz - Test Your DeFi Knowledge

See how well you know your cryptocurrency vocabulary in this difficult decentralized finance quiz. Multiple choice test with results at the end.

HarrEGC HarrEGC
Aug 20, 2022 - 12:53 Updated: Sep 7, 2022 - 17:21
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1. What is YTD?

Choose the correct option to answer the question.

What is YTD?
Yield Token Distribution (YTD) is the amount, calculated by percentage, of interest accumulated by DeFi tokens.
YTD or Year To Date refers to the period of time beginning the first day of the current calendar year or fiscal year up to the current date.

2. What is NGMI?

Complete the quiz by selecting your answer.

What is NGMI?
Not Going To Make It
Not Giving Money To Investors

3. What is P2P?

Provide an answer to the question.

What is P2P?
Player-To-Player
Peer-To-Peer
Password They Provide

4. What is DAG?

Select the correct definition for DAG.

What is DAG?
DAG or Decentralized Autonomous Governance uses smart contracts to automatically improve cryptocurrency projects with computer learning.
Data Aggregation Graveyards or DAG are similar to the recycle bins of the blockchain.
A directed acyclic graph or DAG is a data modeling or structuring tool typically used in cryptocurrencies.

5. What is IPFS?

What is an IPFS in crypto?

What is IPFS?
Interplanetary Files System (IFPS) is a peer-to-peer file-sharing network commonly used with NFTs.
International Fluid Power Society (IFPS) is an international group trying to regulate cryptocurrency power usage.

6. What is BTD?

When referring to crypto/defi what is BTD?

What is BTD?
Build The Data
Bring Them Bitcoin
Buy The Dip
The Difficulty Bomb

7. What is DYOR?

What does DYOR mean when talking about cryptocurrency?

What is DYOR?
Dramatic Yearly Organic Returns
Do Your Own Research
Determined Yield Of Rewards
Don't Yank Our Rug

8. What is ERC-20?

Choose the correct definition of ERC-20.

What is ERC-20?
Another name for non-fungible tokens (NFTs).
A smart contract interface representing fungible, semi-fungible, and non-fungible tokens.
Another name for ”fungible tokens”.
None of the above.

9. What is ERC-721?

What is ERC-721?

What is ERC-721?
Another name for non-fungible tokens (NFTs).
A smart contract interface representing fungible, semi-fungible, and non-fungible tokens.
Another name for ”fungible tokens”.
None of the above.

10. What is ERC-1155?

What is the correct meaning of ERC-1155?

What is ERC-1155?
Another name for non-fungible tokens (NFTs).
A smart contract interface representing fungible, semi-fungible, and non-fungible tokens.
Another name for ”fungible tokens”.
None of the above.

11. What is ICO?

What is the correct meaning of the crypto acronym ICO?

What is ICO?
Initial Coin Offering
Internet Currency Option
International Company
None of the above.

12. What is LN?

What does LN mean?

What is LN?
Lightning Network
Liquidity Node
Local Network
Leaving Now
None of the above.

13. What is NONCE?

Choose the correct answer for the question.

What is NONCE?
Notify Only Non-Centralized Exchanges
Number Used Only Once
Non-Crypto Exchange
None of the above.

14. What is TPS?

Select the correct meaning of TPS.

What is TPS?
Transfer to Proof-of-Stake
Transactions Per Second
Token Pairing System
Total Pool Supply
None of the above.

15. What is TA?

Pick the correct meaning for TA.

What is TA?
Token Authority
Transaction Analytics
Trading Application
Technical Analysis
Trade Approved
None of the above.

16. What is PoS?

Select the correct answer to complete the blockchain vocabulary quiz.

What is PoS?
Positive Standings
Placed Off Server
Proof-of-Stake
Protection-of-Savings
Power-of-Statistics
None of the above.

17. What is PoW?

Choose the correct blockchain vocabulary answer.

What is PoW?
Position Waining
Portion-of-Winnings
Proof-of-Work
Proof-of-Web
Process Of Waiting
None of the above.

18. What is Tx?

Choose an answer that best represents the cryptocurrency acronym.

What is Tx?
Transaction
Taxes
Tokenomics
Token Exchange
Thanks
All of the above.
None of the above.
HarrEGC

Published by HarrEGC

I created my first website in 2004, bought my first cryptocurrency in 2016, minted my first NFT in 2022, and have a complete NFT collection ready to be released and going live in 2023. I write about cryptocurrency, decentralized finance, non-fungible tokens, and...

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