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Q150 (NDA-II/2025) Science & Technology › ICT, AI, Cybersecurity & Emerging Tech › Blockchain and Web3 Answer Verified

Ethereum, Tether, Solana and Cardano are all forms of

Result
Your answer: —  Â·  Correct: A
Explanation

Ethereum, Tether, Solana, and Cardano are all prominent forms of cryptocurrency, which are digital assets based on decentralized ledger-based blockchain technology [1]. Ethereum is the second-largest cryptocurrency by market cap and serves as a decentralized platform for applications and smart contracts. Tether (USDT) is a specific type of cryptocurrency known as a stablecoin, which is pegged to the U.S. dollar to maintain a stable value [1]. Solana is a high-performance blockchain platform with its own native cryptocurrency (SOL), often used for decentralized finance (DeFi) and NFTs. Cardano is an open-source, decentralized public blockchain that has been active since 2017. Unlike traditional fiat currencies, these digital assets are not issued by central governments and rely on cryptographic principles for security and transaction verification [1].

Sources

  1. [1] https://en.wikipedia.org/wiki/Tether_(cryptocurrency)
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