CEX Daily Combo 15 December 2024

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Task: "Top Blockchains Compared: Scalability, Fees, and Use Cases"

1. What's a common issue with Ethereum's transaction fees?
✔️They can be very high (gas fees)

2. What type of projects benefit most from Polygon?
✔️Smaller projects looking for low-cost solutions

3. What is the main takeaway about choosing a blockchain?
✔️It depends on your needs: speed, fees, or use cases

4. What's a potential drawback of Binance Smart Chain?
✔️Some projects on it can be less reliable

5. What's a common criticism of Cardano?
✔️It can be slow to roll out updates

6. What makes Solana stand out?
✔️Lightning-fast speeds and low fees

7. What is Polygon's main role in the blockchain ecosystem?
✔️It helps scale Ethereum by improving efficiency.

8. How many transactions per second can Solana handle?
✔️65,000 transactions per second

9. What is Ethereum best known for?
✔️Versatility and a strong developer community

10. What is Binance Smart Chain (BSC) known for?
✔️ Being affordable with super low transaction fees.

11. Which blockchain is referred to as "the philosopher"?
✔️Cardano.

12. What makes Cardano unique among blockchains?
✔️Its careful, research-based approach

Task: "Blockchain Use Cases That Are Solving Real Problems"

1. How does blockchain improve supply chains?
✔️It tracks products from start to finish for full transparency

2. How does blockchain help in real estate?
✔️It stores property records digitally and securely

3. What does blockchain aim to fix in voting systems?
✔️It makes elections secure, transparent, and efficient

4. What problem does blockchain solve in healthcare?
✔️ It securely stores and shares patient records

5. What's one downside of traditional real estate that blockchain solves?
✔️ Complicated and paper-heavy processes

6. How does blockchain help with counterfeit medication?
✔️ It prevents fake drugs from entering the market

7. What's an example of a product blockchain can track in the supply chain?
✔️ Organic bananas.

8. What's the key takeaway about blockchain's real-world use cases?
✔️Blockchain is solving problems in multiple industries, not just crypto

9. How can blockchain help with counterfeit drugs?
✔️By tracking medications throughout the supply chain.

10. makes blockchain voting like "online shopping for democracy"?
✔️Votes go directly to a digital ledger and can be verified

11. How does blockchain gaming differ from traditional gaming?
✔️Players can trade or sell tokenized in-game assets

12. What's a benefit of using blockchain in gaming?
✔️It allows players to truly own and trade in- game assets

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