What is the backbone of Axelar’s security approach? Revolut Crypto Quiz Answers

What is the backbone of Axelar’s security approach?

The Correct answer is Decentralisation.

Decentralization refers to the distribution of power or control away from a central authority or location. In various contexts, decentralization can mean different things, but the core idea is the same: to distribute decision-making authority and dispersing it among different levels or entities. This concept is often applied in politics, economics, technology, and organizational structures.

In political terms, decentralization can involve giving more power to local governments or communities, allowing them to make decisions that affect their region. Economically, decentralization can refer to spreading economic activities across different regions or sectors to promote growth and reduce dependence on a single entity or area.

In technology, decentralization often refers to systems or networks that operate without a central authority, such as blockchain technology. In these systems, data and control are distributed among many nodes, making them more secure and resistant to censorship or manipulation.

Overall, decentralization is seen as a way to promote efficiency, innovation, and resilience by distributing power and control among a wider group of stakeholders.

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What Is The Revolut Crypto Quiz?

Revolut, a financial technology firm, has launched a new educational initiative called the Revolut Crypto Quiz. This initiative aims to attract more users to its platform. Users can earn free Polkadot tokens, valued up to $15, by participating in interactive quizzes.

To participate, users need to register with Revolut and play the quiz. The quiz focuses on the Polkadot ecosystem and is divided into nine short, informative lessons.

The first set of quizzes is already available for users to play. However, Revolut has not announced when the next set of quizzes will be released.