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Dop Quiz Answer — Road to Mainnet — Week 2 & 3


Dop Quiz Answer — Road to Mainnet — Week 2 & 3

Dop Quiz Answer — Road to Mainnet — Week 2 & 3

Road to Mainnet — Week 3


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Question 1: What is the main challenge that larger and established businesses face when considering the use of cryptocurrencies in their day-to-day financial operations?

Ans: B. Over-transparency

Question 2: Why might businesses want to accept payments in crypto?

Ans: A. To attract and retain tech-savvy customers

Question 3: Why do businesses want to encrypt their assets when using crypto?

Ans: B. To comply with legal requirements and/or internal policies

Question 4: What is DOP’s main purpose?

Ans: A. To redefine data ownership

Question 5: What does ‘selective transparency’ mean?

Ans: D. Choosing what data to disclose and keep private

Question 6: How does DOP benefit business users operating in crypto?

Ans: C. By giving full data ownership and selective transparency

Question 7: What does DOP allow users to choose regarding their data?

Ans: B. Who can view their data and when

Question 8: Why do businesses use DOP?

Ans: C. To keep data confidential while staying compliant

Question 9: What are the on-chain benefits of DOP or business?

Ans: D. Lower transaction fees and greater throughput

Question 10: What does DOP work with currently, and what is its future integration plan?

Ans: B. DOP works with Ethereum and MetaMask, planning to become chain- agnostic and integrate with most wallets

Question 11: What does DOP advocate for regarding data stewardship?

Ans: B. Selective transparency

Question 12: Why is proving the legitimacy of funds important for businesses using crypto in Web3?

Ans: C. To prevent money laundering and fraud

Question 13: How does DOP address the challenge of proving the legitimacy of funds while maintaining privacy?

Ans: C. By offering a middle ground between privacy and transparency

Question 14: How many official X (Twitter) community accounts does DOP own? (incl. the main account)

Ans: D. 5

Question 15: How many users did DOP celebrate recently that completed the testnet?

Ans: A. 1M users


Week 2

Question 1: What is the main issue addressed by DOP?

And. Over-transparency

Question 2: Why do individuals in Web3 want to encrypt their assets?

Ans. To protect sensitive financial information

Question 3: What is NOT a reason for individuals wanting to showcase their assets?

Ans. Wanting to receive targeted crypto ads

Question 4: What is the transparency vs privacy dilemma?

Ans. Users disagree on the extent of transparency and privacy

Question 5: What does selective transparency mean?

Ans. Deciding which data to encrypt and share

Question 6: What is the primary benefit of DOP for individual users?

Ans. Full data ownership

Question 7: What does DOP enable users to do with their financial data?

Ans. Choose what to display and to whom

Question 8: Currently, which blockchain does DOP work with?

Ans. Ethereum

Question 9: What date did DOP reach 100K X followers?

Ans. 17th December 2023

Question 10: In what country did DOP host a December Christmas?

Ans. Philippines


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