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Cryptoeconomics

This test covers concepts of the economy of cryptocurrencies and security issues.

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Q1

“No actor can change their action to receive a better outcome.” What is this solution concept called?

Q2

The above concept is part of a larger study of interaction between rational decision-makers. It is fundamental to cryptocurrencies. Which study is this?

Q3

Which of the following can be classified as cryptoeconomic security models?

Q4

What are the pillars of cryptoeconomics?

Q5

Among other functions, __________________ help prevent security attacks.

Q6

What are tokens, block rewards, transaction fees and similar used for?

Q7

Which consensus mechanism enables the rich to get even richer?

Q8

An attacker creates a new branch starting from the genesis block, and attempts to overtake the main chain. What is this attack called?

Q9

In the event of a fork, if a miner decides to mine on all chains to ensure they get their rewards no matter which chain wins, this is called a _________________.

Q10

The next validator of a chain is picked randomly, but depends on the previous block’s signature. If the current validator can produce new signatures to improve their chance of being picked again, they are engaging in a ________________.

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