Binance Learn and Earn Espresso (ESP) Quiz Answers

Binance Learn and Earn is an educational initiative to complete quizzes to earn free crypto.

To be eligible, you must verify your identity, read the article, and watch the video(s).

You need to answer all questions in the quiz correctly to earn the rewards.

Get started: accounts.binance.com/register?ref=73583477 or use “73583477” as the referral code.

Open the Binance app > Pro > Menu > More Services > Gift & Campaign > Learn & Earn.

Tap on the “Start Learning” button on the ongoing activity and tap on “Start Quiz” after you’ve finished the course.

This guide contains the Binance Learn and Earn Espresso (ESP) quiz answers to earn 12 ESP in principal rewards.

Binance Learn and Earn Espresso (ESP) Quiz Answers

Question: What is the core problem Espresso Network was built to solve?

Answer: Slow finality, which causes fragmentation across crypto and may hinder institutional adoption

Question: Which of the following does Espresso NOT provide?

Answer: Smart contract execution

Question: What does it mean that Espresso is designed to be compatible across different systems?

Answer: Espresso can work across different rollup frameworks, virtual machines, proof systems, and settlement layers

Question: How long does Ethereum finality currently take?

Answer: 15 minutes or more

Question: Which academic institutions are represented by Espresso’s founding team?

Answer: Yale, NYU, Harvard, and Stanford

Question: What does it mean that Espresso is built for chains that demand customization and sovereignty?

Answer: Chains can maintain control over their own rules and operations while still inheriting decentralized security

Question: What does Espresso provide to chains that integrate with it?

Answer: Fast finality and compatibility regardless of how the chain is built

Question: How fast does Espresso’s HotShot consensus protocol finalize blocks today?

Answer: Roughly 3 seconds

Question: Which institution’s CTO called cross-chain collateral management “the killer app for institutional blockchain”?

Answer: The DTCC

Question: What are the two primary uses of the ESP token?

Answer: Staking to secure Proof of Stake consensus and paying protocol fees

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