Which of the following is not an aspect of interoperability on Polkadot? Revolut Crypto Quiz Answers

Which of the following is not an aspect of interoperability on Polkadot?

The Correct answer is It’s only for transferring tokens

Blockchain interoperability is not limited to just transferring tokens. While cross-chain token transfers are a significant aspect of interoperability, it also includes the ability for different blockchains to communicate and work together in various ways. This can include:

Cross-Chain Smart Contracts: Smart contracts that can be executed across multiple blockchains, allowing for more complex and interconnected applications.

Data Sharing: Blockchains can share data and information securely, enabling applications to access and use data from multiple sources.

Atomic Swaps: Direct exchanges of cryptocurrencies between different blockchains without the need for a third party, enabling decentralized trading.

Decentralized Finance (DeFi): Interoperability enables DeFi applications to access liquidity and assets from multiple blockchains, expanding the capabilities and reach of DeFi protocols.

Cross-Chain Identity: The ability to manage digital identities across different blockchains, ensuring interoperability of identity systems.

Brain Teaser: Find the Odd One in 10 Seconds

How to Hide Your Location on Snapchat? How to Turn Off Your Snapchat Location?

Optical Illusion: Can You Try to Find the Hidden Number in 10 Seconds?

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.