Coinmarketcap will be giving out a variety of prizes to people who take our quiz, which is made up of 16 short questions. If you fill it out successfully, congrats, you’ve entered the competition!
Here are the full steps:
Step 1 - Post your thoughts on the ETH merge on CMC-Community with the #CMCETHMerge hashtag.
Step 2 - Post your thoughts on Twitter with the #CMCETHMerge hashtag (must include backlinks to the CMC-ETH-Merge Landing Page).
Step 3 - Complete all 16 questions of the quiz — then cross your fingers! 🤞(Don’t worry, there are hints for each question!)
P.S. Be sure to post with the right hashtags, only people who have posted will be considered to win, and you’ll be prompted to share the social links as you complete the quiz.
Now, for the exciting part…the prizes!
Prerequisites for Participation:
- Must Have CMC & Binance Account
If you don't have coinmarketcap account, you can create one here: coinmarketcap.com
If you don't have a binance account, you can create one here: binance.com
Event Period: Submissions accepted, until Sept. 18th (SUN)
CoinMarketCap Eth Merge Quiz Answers - Win upto 1 Ethereum!
1. The Ethereum Merge will reduce gas fees on the network by approximately how much? [Hint]*
0 %
2. Following the Ethereum Merge, how long will it take for a new block to be generated? [Hint]*
Every 12 Seconds
3. The Ethereum Merge will reduce transaction times on the network by approximately how much? [Hint]*
10 %
4. Which of the following are possible actions that ETH miners might undertake following the Merge? (Choose one or more).
Transition to other GPU-mined proof-of-work coins like Ethereum Classic and Ravencoin.
Miners could also dedicate their hardware to other GPU-intensive activities, such as machine learning or rendering farms.
Potential fork of proof-of-work Ethereum, which will allow miners to continue their operations.
5. What is the current proof-of-stake Beacon Chain staking reward APR?
4.1 %
6. When can staked ETH be withdrawn after the Merge?
After the Shanghai update
7. How much ETH do you need to run your own validator?
32
8. If you do not own 32 ETH, what options do you have to participate in validating the network? (Choose one or more).
Pooled staking (including liquid staking solutions like Lido)
Staking on centralized exchanges
Running a node that does not propose blocks, but still supports the network by listening for new blocks to verify them.
9. In what order was the Ethereum Merge rolled out on Ethereum public testnets?
Ropsten, Sepolia, Goerli
10. Following the Merge, what is the order of upgrades that Vitalik Buterin announced for the network?
Surge, Verge, Purge, Splurge
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