Ethereum Shanghai Upgrade Study Week Details
- Total Rewards: $10,000 in ETH
- Number of winners: The first 1,000 KYC-verified Binance users
- Activity Period: 2023-04-14 09:00 (UTC) to 2023-05-05 09:00 (UTC)
Join Ethereum Shanghai Upgrade Study Week
1. If you don’t have Binance account then create first from the link given below.
2. Now go to Binance academy study week page and join the campaign.
3. Scroll down below you will get 6 Missions, that need to be completed during the activity period.
4) Mission is reading articles, read all the mentioned articles.
Note: A reading progress bar will be displayed at the top of each Binance Academy article. To successfully complete the reading tasks for Binance Academy,
5) The first 1000 qualified participants will equally share a prize pool of $10,000 ETH.
6) ETH voucher rewards will be distributed within 15 working days after the campaign ends.
Ethereum Shanghai Upgrade Study Week Tasks
- Read five Binance Academy articles on the topic “Ethereum”.
- Read the <What Is the Ethereum Shanghai Upgrade and How Will It Affect Me?> article on Binance Academy.
- Read different Binance Academy articles for at least five days during the activity period.
- Read a Binance Academy article that was published in March or April 2023.
- Read five articles at the “Intermediate Level”.
- Complete the quiz and answer all the questions correctly.
Ethereum Study Week Quiz Answers
Q1. What is Ethereum?
Ans: All are correct
Q2. What is ETH?
Ans:
- ETH is as known as ether
- ETH is the currency of Ethereum
- ETH is as known as Ethereum Virtual Machine
Q3. When did Ethereum completed its switch to Proof of Stake (PoS)?
Ans: September 2022
Q4. Users could stake 30 ETH to become network validators. True or false?
Ans: False
Q5. Ethereum Shanghai upgrade is known as EIP 4895. True or false?
Ans: True
Q6. What is the benefits for Ethereum change from Proof of Work to Proof of Stake?
Ans:
- An average PoS network user can take part in the validation process with just the network’s native token.
- Quicker transaction times and finalization.
- Less energy intensive.
Q7. What is the system Ethereum used to generate consensus on new blocks of transactions?
Ans: Proof of Stake (PoS)
