Module Quiz 1 | Detailed and Complete Solutions

Module Quiz Latest Submission Grade 100% 1. Question 1 There is little difference between a dApp and an Apps like Robinhood, Venmo, Zelle, WeChat Pay, Alipay, etc. 1 / 1 point True False Correct Nice work! dApps allow peers to interact with each other via a smart contract. The Apps that are listed are all run by centralized institutions. You interact with the centralized institution and they collect your data. These dApps are available to anyone - there is no screening. There is near zero organizational overhead. This is fundamentally different than decentralized applications. 2. Question 2 Keepers and Oracles are essentially the same, except that keepers do for DeFi platforms what Oracles do for blockchains. 1 / 1 point True False Correct Great! Keepers are associated with externally owned accounts and they maintain key features of a blockchain protocol and get rewarded for it. As we will see in the third course, they will search for undercollateralized loans and close out positions for a fee. Oracles bring external information into a blockchain and are completely different. 3. Question 3 While vampirism is a risk to DeFi platforms due to their open-source nature (i.e., code can be copied and repurposed), there is a ben