TimeFarm Quiz Answers: Cardano Shelley's Milestone
2024-09-26
Bittime - Time Farm, a platform that combines games with crypto education, is again presenting an interesting challenge for its users. Through the Oracle of Time feature, every day users are faced with questions about the history and development of the cryptocurrency world.
On September 26, a question was asked that tested our knowledge about one of the most historic moments in Cardano's journey, namely the launch of the Shelley mainnet.
What is the Oracle of Time?
Oracle of Time is a daily feature on Time Farm that invites users to answer questions about important events in the world of cryptocurrency. These questions are designed to not only entertain, but also educate users about various interesting aspects of the world of crypto.
By answering questions correctly, users have the opportunity to earn additional rewards and increase their level in Time Farm.
Why is the Shelley Mainnet Launch Important?
Questions regarding Cardano Shelley's mainnet launch on July 29, 2020 were chosen because it marked an important milestone in Cardano's evolution. Before Shelley, Cardano used the same proof-of-work (PoW) mechanism as Bitcoin.
However, with Shelley, Cardano is switching to a more efficient and environmentally friendly proof-of-stake (PoS) mechanism.
This switch to PoS provides several significant benefits for Cardano, including:
Higher decentralization: PoS allows more people to participate in securing the Cardano network.
Energy efficiency: PoS requires much lower computing power compared to PoW.
Better scalability: PoS allows Cardano to process transactions faster and with lower fees.
Cardano Shelley Historical Facts
Cardano mainnet launch, Shelley, on July 29, 2020 was a big step for the Cardano blockchain project. Previously, Cardano still operated in a centralized model, where only the developers had full control over the network.
However, with the arrival of Shelley, Cardano began to move towards decentralization, meaning that more people around the world can participate in maintaining and managing this network.
Through the staking system introduced in Shelley, ADA crypto asset holders can “lock” their tokens to help secure the network. In return, they get prizes in the form of ADA.
In addition, they can also delegate their staking rights to other parties, such as node operators, if they do not want to be directly involved. This step makes the Cardano network safer and stronger, because many people are involved in the management process.
Shelley represents an important milestone in Cardano's journey towards its long-term vision of becoming one of the most decentralized blockchain platforms in the world.
How to Participate in the Oracle of Time?
To take part in the Oracle of Time, users only need to have a Time Farm account. Every day, new questions will appear in the application. Users are then asked to choose the answer they think is most correct. After answering, users will immediately know whether their answer is correct or incorrect.
Tips for Winning at Oracle of Time
Learn the history of crypto: The more knowledge you have about the history and development of cryptocurrencies, the easier it will be for you to answer the questions asked.
Follow the crypto community: Join crypto communities on social media to get the latest information and discuss with fellow crypto enthusiasts.
Take advantage of existing resources: There are many online resources you can use to learn about cryptocurrency, such as articles, videos, and forums.
Conclusion
Oracle of Time is not just a quiz, it is also an effective means of learning while playing. By participating in this feature, users can not only increase their knowledge about cryptocurrency, but also have the opportunity to win attractive prizes. Apart from that, Oracle of Time also encourages a spirit of competition among Time Farm users.
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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
