Blum Labs has partnered with BeUnstoppable, a platform designed to make learning about crypto straightforward and rewarding.
Blum Labs has partnered with BeUnstoppable, a platform designed to make learning about crypto straightforward and rewarding.
BeUnstoppable is designed for learners at any level. Whether new to crypto or looking to deepen your understanding, the platform simplifies complex topics into manageable and interactive lessons. Its focus is on making knowledge attainable through engaging activities, skipping dense jargon and technical barriers.
The platform allows users to learn about crypto on the go, earn UWT points, and develop skills essential for navigating the crypto field.
This collaboration between Blum Labs and BeUnstoppable provides a practical approach to building expertise in blockchain and cryptocurrency while earning rewards along the way.
Additionally, BeUnstoppable offers the chance to gain Unstoppable points while learning about blockchain and crypto. Backed by over six years of credibility, these tokens add a layer of practicality to the educational experience.
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How to Get Started
To join and get points, participants need to:
- Connect with BeUnstoppable on Telegram.
- Follow BeUnstoppable on X (formerly known as Twitter).
- Complete a quiz available on the app.
Blum Labs incentivizes active participation by offering 750 Blum Points to those who complete these steps within four days.
A Focus on Accessible Learning
BeUnstoppable stands out for its user-friendly approach, encouraging people to build their skills and knowledge at their own pace. With no lectures or overly technical explanations, the app provides an approachable way to learn while rewarding users for their progress.
The emphasis is on practical learning, ensuring that participants not only gain theoretical knowledge but also experience the tangible benefits of applying what they learn.
BeUnstoppable Quiz Answers
The BeUnstoppable quizzes provide an engaging way to solidify your understanding of crypto fundamentals, blockchain concepts, and practical applications.
Each quiz is tied to lessons within the platform, ensuring users grasp the material before advancing. By completing these quizzes, participants can earn UWT points while reinforcing their crypto knowledge.
Here are your quiz answers:
Level 1
Question 1: What does it mean for blockchain transactions to be transparent?Answer: Transaction history is public.
Question 2: Which blockchain allows for the creation of smart contracts?Answer: Ethereum.
Question 3: What was the primary motivation for creating smart contracts on Ethereum?Answer: To address Bitcoin's limitations.
Question 4: How do tokens differ from cryptocurrencies in their functionality?Answer: Governed by smart contracts.
Question 5: Which of the following is a token standard commonly used on the Ethereum blockchain?Answer: ERC20.
Question 6: Which characteristic makes Bitcoin a unique form of money?Answer: Fixed supply of 21 million coins.
Question 7: What is a significant characteristic of Bitcoin compared to legacy financial systems?Answer: Open access for all.
Question 8: In what way does blockchain democratize financial transactions?Answer: Equal rules for all participants.
Question 9: In a smart contract's transaction, what is required when transferring tokens from one wallet to another?Answer: Transaction fee in the base cryptocurrency.
Question 10: Which of the following is a fundamental principle of Bitcoin's structure?Answer: Decentralized control.
Question 11: Why is it important that blockchain records are held in thousands of locations simultaneously?Answer: Increases redundancy.
Question 12: Which statement about tokens is true?Answer: Tokens can exist on multiple blockchains.
Level 2
Question 1: Which of the following statements about private keys is true?
Answer: They grant control over cryptocurrency assets.
Question 2: What is the primary benefit of using encryption when backing up your mnemonic phrase online?
Answer: To secure the backup content from unauthorized access.
Question 3: What is the primary purpose of a non-custodial wallet app?
Answer: To securely store private keys.
Question 4: Which backup method is considered the least secure, according to many experts?
Answer: Cloud storage without encryption.
Question 5: What does 'multi-wallet capability' mean in a wallet app?
Answer: Ability to manage an unlimited number of multi-currency wallets.
Question 6: What is essential for securely backing up and recovering a non-custodial wallet?
Answer: Mnemonic phrase and passphrase.
Question 7: Why is cross-wallet interoperability important in a non-custodial wallet?
Answer: It facilitates easy migration between different wallet apps.
Question 8: What is one drawback of hardware wallets?
Answer: Complex to use.
Question 9: Which of the following is a benefit of using a longer mnemonic phrase?
Answer: Increased security for the stored assets.
Question 10: What is a key risk of vendor data leaks for hardware wallet users?
Answer: They expose users to phishing attacks.
Question 11: How can you identify a non-custodial wallet app?
Answer: It gives you a private key.
Question 12: What happens if you lose access to your private key?
Answer: You will lose access to your cryptocurrency.
Level 3
Question 1: What is the primary advantage of a non-custodial wallet being open- source?
Answer: Allows community verification of security
Question 2: What is a common risk when buying and using hardware wallets?
Answer: Purchasing from unauthorized resellers
Question 3: What is the primary risk of using an advanced mnemonic and passphrase setup?
Answer: Increased risk of forgetting the passphrase
Question 4: Why is storing backups online sometimes considered less secure?
Answer: Providers may lock you out of your account
Question 5: Which of the following is the main benefit of a Secure Enclave in a non-custodial wallet app?
Answer:Protection against malicious apps
Question 6: For wallets using both a mnemonic phrase and a passphrase, where is the passphrase ideally stored?
Answer: Separately from the mnemonic
Question 7: What is one key consideration when migrating Bitcoin wallets?
Answer: Choosing the correct address type is essential
Question 8: What is the purpose of duress mode in a non-custodial wallet?
Answer: Protect users under threat
Question 9: What is the main disadvantage of storing cryptocurrency on a centralized exchange?
Answer: Risk of losing funds in case of a security breach
Question 10: Which of the following wallets is considered the least secure?
Answer: Browser Based Non-Custodial Wallets
Question 11: What is a potential consequence if a hardware wallet vendor experiences a data breach?
Answer: Phishing attacks may occur
Question 12: What is the main security risk associated with custodial wallet providers?
Answer: They can restrict access to funds
Level 4
Question 1: What should a user do to ensure they are sending to the correct address?
Answer: Double-check the address before sending
Question 2: What is one simple precaution you can take to avoid the need to cancel a transaction?
Answer: Always double-check transaction details before sending.
Question 3: What is a recommended practice for maintaining privacy when using Bitcoin?
Answer: Use a new address for each transaction
Question 4: How can users can verify the status of their transactions?
Answer: On public blockchain explorers
Question 5: What role do transaction fees play in canceling a transaction?
Answer: Higher fees ensure prioritization.
Question 6: What primarily influences how long a transaction remains in the pending state?
Answer: Transaction fee set by the user
Question 7: How does a higher transaction fee affect the transaction confirmation time?
Answer: It speeds up the confirmation
Question 8: What must be done in non- custodial wallets to cancel a pending transaction?
Answer: Send a separate cancellation transaction.
Question 9: Who receives the transaction fees when you make a cryptocurrency transaction?
Answer: The miner who processes the transaction
Question 10: Which cryptocurrency was specifically designed with privacy as its primary feature?
Answer: Monero
Question 11: What characteristic is inherent in Bitcoin and Ethereum transactions?
Answer: Transparency of transaction details
Question 12: In a non-custodial wallet, who holds the authority to authorize a transaction?
Answer: The user with the private key
Level 5
Question 1: What happens if the original transaction is confirmed before the cancellation transaction is processed?
Answer: The cancellation transaction is rendered invalid.
Question 2: Which of the following is NOT true regarding cancellation transactions?
Answer: They guarantee the original transaction gets canceled.
Question 3: What happens if your set transaction fee is below the average fee of the network?
Answer: Your transaction may remain pending for a long time
Question 4: In which situation should you consider paying higher transaction fees?
Answer: When the network is experiencing high demand
Question 5: What can help improve the security and accuracy of sending high-value transactions?
Answer: Scanning the recipient's QR code
Question 6: What role do cryptocurrency transaction fees play in relation to blockchain network security and congestion?
Answer: They deter spam attacks
Question 7: Which of the following statements about transaction fees is TRUE?
Answer: Transaction fees create an open market for prioritizing transactions
Question 8: How are privacy features implemented in different blockchains within a multicoin wallet?
Answer: Each blockchain maintains its own independent privacy features
Question 9: Why is it important to understand transaction fees when using a non-custodial wallet?
Answer: Fees ensure quick transaction processing
Question 10: What primarily determines the transaction fees on a blockchain?
Answer: The current state of the network
Question 11: What should you do to mitigate privacy risks with Ethereum transactions?
Answer: Use separate wallets for different purposes
Question 12: What might happen if you consistently use the same address for Bitcoin transactions?
Answer: Your transaction history could be easily traced
This article is an independent update provided by CoinMarketCap and is not paid for or sponsored by any specific project mentioned therein. CoinMarketCap does not receive compensation from these projects and is not affiliated with, nor does it have any connection to, them. The information provided is for informational purposes only and should not be considered financial advice.
