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Binance XRP Ledger Quizz Answers: Learn & Earn $XRPL

Binance XRP Ledger Quizz Answers: Take the new Binance learn & earn What Is XRP Ledger (XRPL)? quizz which will go live on 21st September 2022, 16:00 UTC and earn assured $XRPL tokens.

Create your Binance account if you don’t have one, do KYC verification, and be ready for the quizz.

Binance learn & earn XRP Ledger Quizz Answers

Q1) XRPL is decentralized, permissionless, and open-source

Answer: True

Q2) What is the native digital asset on the XRP Ledger?

Answer: XRP

Q3) On average, how long does a transaction confirmation on the XRP Ledger take?

Answer: 3 to 5 seconds

Q4) What is the XRP Ledger’s validation mechanism?

Answer: Federated Consensus

Q5) What can the XRP Ledger be used for today?

Answer: All the correct

Q6) What is the average cost of transactions on XRPL?

Answer: Less than 1 cent

Q7) Which of the following describes the XRPL?

Answer: All are correct

Q8) The XRPL’s built-in DEX is based on an order book model.

Answer: True

Q9) The XRP Ledger is useful for developers because.

Answer: They are able to code in Python, Java and JavaScript languages

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