{"id":86353,"date":"2025-06-01T03:45:02","date_gmt":"2025-06-01T03:45:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=86353"},"modified":"2025-06-01T03:45:02","modified_gmt":"2025-06-01T03:45:02","slug":"the-terms-ethereum-solana-polkadot-and-tether-sometimes-mentioned","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-terms-ethereum-solana-polkadot-and-tether-sometimes-mentioned\/","title":{"rendered":"The terms ‘Ethereum, Solana, Polkadot and Tether’, sometimes mentioned"},"content":{"rendered":"

The terms ‘Ethereum, Solana, Polkadot and Tether’, sometimes mentioned in the news, refer to<\/p>\n

[amp_mcq option1=”Cryptocurrencies” option2=”Earth Observation Satellites” option3=”Hypersonic Cruise Missiles” option4=”Virtual Private Network service providers” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-2 – 2022<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe terms ‘Ethereum, Solana, Polkadot and Tether’ are well-known names in the world of cryptocurrencies. They represent different types of digital assets based on blockchain technology.
\n<\/section>\n
\nCryptocurrencies are digital or virtual currencies that are secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology\u2014a distributed ledger enforced by a disparate network of computers.
\n<\/section>\n
\nEthereum is a platform that enables developers to build decentralized applications (dApps) and issue smart contracts, with Ether (ETH) being its native cryptocurrency. Solana is known for its high transaction speed and scalability. Polkadot aims to connect different blockchains. Tether (USDT) is a stablecoin, meaning its value is pegged to a traditional currency (the US dollar) to reduce volatility.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The terms ‘Ethereum, Solana, Polkadot and Tether’, sometimes mentioned in the news, refer to [amp_mcq option1=”Cryptocurrencies” option2=”Earth Observation Satellites” option3=”Hypersonic Cruise Missiles” option4=”Virtual Private Network service providers” correct=”option1″] This question was previously asked in UPSC CDS-2 – 2022 Download PDFAttempt Online The terms ‘Ethereum, Solana, Polkadot and Tether’ are well-known names in the world of … <\/p>\n

Detailed SolutionThe terms ‘Ethereum, Solana, Polkadot and Tether’, sometimes mentioned<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[1108,1120,1190],"class_list":["post-86353","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-2","tag-1108","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"\nThe terms 'Ethereum, Solana, Polkadot and Tether', sometimes mentioned<\/title>\n<meta name=\"description\" content=\"The terms 'Ethereum, Solana, Polkadot and Tether' are well-known names in the world of cryptocurrencies. They represent different types of digital assets based on blockchain technology. Cryptocurrencies are digital or virtual currencies that are secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. 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