Cake Defi Learn & Earn Answers

With the Cake Defi Learn & Earn program you can easily earn $10 in crypto. (Wanna know how you can get up to $60 when you sign up on Cake Defi? Read here)

What do you have to do for it?

Click here to go to the Cake Defi Learn & Earn subpage. Answer the quiz. Register on Cake Defi with referral code 432731! You receive your $10 in crypto!

We have summarized the answers to the questions of the individual programs for you.

DFI Answers

  1. DeFiChain is a blockchain dedicated to Native Decentralized Finance for Bitcoin.

  2. Decentralized Finance are all types of financial applications without the need of a third party intermediary like a bank

  3. Native DeFi is more secure than non-Native DeFi because the consensus happens directly on the native blockchain layer, instead of getting compiled and running through a virtual machine like on Ethereum.

  4. Staking and Liquidity Mining offer great and easy ways for anyone to earn block rewards up to 61.18% yearly returns.

  5. DeFiChain’s decentralized exchange is the cornerstone of most decentralized financial applications in the DeFiChain ecosystem, enabling trading, liquidity mining and more

BTC Answers

  1. Bitcoin is a decentralized digital currency which was created by Satoshi Nakamoto in 2008. Anyone with an Internet connection can either send or receive it as a form of payment, but it can also be used as a store of value. It is the world’s first-ever cryptocurrency.

  2. The Bitcoin network allows users to send and receive bitcoins in a peer-to-peer manner and without any central authority involved. These transactions are verified by nodes and are recorded as blocks on the blockchain. Miners compete to append these blocks and are given rewards if successful.

  3. Bitcoin transactions are recorded as a chain of blocks, with each block containing a collection of valid bitcoin transactions and a hash of the previous block up to the genesis block in the chain.

  4. PoW, alongside the chaining of blocks, makes modifications of the blockchain extremely hard – hence, making the Bitcoin network secure and less prone to malicious attacks.

  5. All of the above

Starte now with the Cake Defi Learn & Earn programm & earn $10 in Crypto!

Cake Defi Learn & Earn Answers