Ethereum Standards and Proposal Processes BDC Practice Questions (Page 3)

Questions 11–15

1. 11foundation · easy

   During which stage of the EIP process does the community provide feedback and discuss the proposal?

   • ADraft
   • BWithdrawn
   • CFinal
   • DReview
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   An art collective is tokenizing original digital artworks. Each artwork must have a unique owner and be verifiably distinct from others. They also want to integrate with major NFT marketplaces. Which standard should they implement?

   • AERC-721
   • BERC-1155
   • CERC-20
   • DERC-777
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   Which stage in the EIP lifecycle indicates that an EIP has been accepted and is ready for implementation?

   • ADraft
   • BWithdrawn
   • CReview
   • DFinal
   Reveal Solution Discussion Select an answer first
5. 14foundation · easy

   Which ERC standard is best suited for representing ownership of a unique digital asset like a collectible?

   • AERC-20
   • BERC-1155
   • CERC-777
   • DERC-721
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   What is a key advantage of ERC-1155 over ERC-20 and ERC-721?

   • AIt allows a single contract to manage multiple token types, reducing deployment and transaction costs.
   • BIt is the only standard that supports non-fungible tokens.
   • CIt provides a built-in oracle for price feeds.
   • DIt automatically integrates with decentralized exchanges without any additional code.
   Reveal Solution Discussion Select an answer first