DEMO QUESTIONS

Q1: If you are starting a new ERC20 token:

A: it would be best to start from scratch, just looking at the required interface.

B: it is beneficial to copy and paste the already existing code from the Ethereum wiki and modify this until you like it.

C: best is to start with an audited implementation, for example from OpenZeppelin, in order to reuse already existing code.

Correct Answer: C

Q2: Why is Unit-Testing so important?

A: It helps you to find bugs, regression bugs and sometimes also helps you to understand your code from different angles.

B: It is a great way to spend time on something that you get paid for. But ultimately it will just slow down the development process.

Correct Answer: A

Q3: If you are starting a new ERC20 token:

A: it would be best to start from scratch, just looking at the required interface.

B: it is beneficial to copy and paste the already existing code from the Ethereum wiki and modify this until you like it.

C: best is to start with an audited implementation, for example from OpenZeppelin, in order to reuse already existing code.

Correct Answer: C

Q4: What is the difference between ERC20 and ERC721 Tokens in simple terms?

A: The tokens of a certain ERC20 symbol are all the same, the tokens of an ERC721 symbol are all different. So, ERC20 tokens are fungible, while ERC721 tokens are non-fungible.

B: The tokens of a certain ERC20 symbol are all different, the tokens of an ERC721 symbol are all the same. So, ERC20 tokens are non-fungible while ERC721 tokens are fungible.

Correct Answer: A

Q5: To generate a random number:

A: it's good to use the block timestamp, as this is always different.

B: it's good to use the block hash as this is clearly always very different.

C: it's good to use the RANDAO smart contract.

D: it's not possible to have a random number in a deterministic environment such as the Ethereum blockchain.

Correct Answer: C

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