Over Wallet Daily Quiz Answer 25th September 2023

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Date 26 September 2023:
Q: What is the total number of blocks created in the blockchain? This of the genesis block is 0.
Ans: Block Height

Date 25 September 2023:
Q: What does this refer to as the time it takes for a certain block to be created?
Ans: Block Time

Date 24 September 2023:
Q: What is the term referring to the total sum of token value deposited in a smart contract?
Ans: TVL

Date 23 September 2023:
Q: What is the process of Adjusting the supply of tokens by permanently deleting a certain amount to strengthen security or improve utilities?
Ans: Burn

Date 22 September 2023:
Q: What's the name of the fixed fee the chain automatically adjusts based on average Gas consumption and network congestion for user convenience?
Ans: Base Fee

Date 21 September 2023:
Q: What is the gas fee paid as an incentive to the block creator to include Tx in EVM based chain?
Ans: Priority Fee
Date 20 September 2023:


Date 18 September 2023:
Q: What's the term for fees required to execute a smart contract on a blockchain?
Ans: Gas fee

Date 17 September 2023:

Q: What is this annual interest rate figure that calculates the simple interest you can earn through stacking?

Ans: Roi


Date 15 September 2023:

Q: What is the reward directly obtained during the block creation and validation process?

Ans: Block Reward


Date 14 September 2023:

Q: What is the name of the role that participates in the creation and verification of blocks through staking?

Ans: Validator










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