Discuss Blockchain CBSA Exam Topic 1 Question 91

Vitalik Buterin referred to this concept of trust beyond just currency as 'smart contracts' or even blockchain-based ''decentralized autonomous organizations'' (DAOs).

Ethereum is considered Blockchain version?

A2.0

B4.0

C3.0

D1.0

Suggested Answer: A

2.0 Ethereum came after Bitcoin. Vitalik Buterin, one of the writers for Bitcoin Magazine that tried to popularize the technology in the early 2012. He witnessed first-hand the problems in the Bitcoin implementation like wasteful mining hardware, centralized mining community, and lack of network scalability. In 2013, the then 19 year old Vitalik described his vision for Ethereum by extending the concept of Bitcoin beyond just currency. He proposed a platform where developer community and entrepreneurs to build distributed application (Dapps) for the Blockchain network. He referred to this concept of trust beyond just currency as 'smart contracts' or even blockchain-based ''decentralized autonomous organizations'' (DAOs).

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25 comments · newest first

Leatha 10 months ago

Smart contracts are a game changer for trust!

Allene 10 months ago

Totally agree, it's the future of decentralized apps!

Cassie 11 months ago

Wait, isn't Ethereum just 2.0?

Silva 11 months ago

I thought there was a 3.0 version coming soon?

Golda 11 months ago

Ethereum is often called Web 3.0!

Cristina 11 months ago

I thought Ethereum started with 1.0, but now I’m confused about what the current version is.

Titus 12 months ago

I feel like I saw a question similar to this in practice exams, and I think 2.0 was the answer, but it could be outdated.

Tammy 12 months ago

I remember studying that Ethereum 3.0 was supposed to be a big upgrade, but I can't recall the specifics.

Selma 12 months ago

I think Ethereum is often referred to as 2.0, but I'm not entirely sure if that's the latest version.

Leota 1 year ago

The information about Vitalik Buterin and smart contracts is interesting, but I'm not sure how it relates to the specific question about Ethereum versions. I'll have to focus on that part.

Linn 1 year ago

Okay, let me re-read the question and the options. I think I can eliminate a couple of the choices and then make an educated guess.

Hayley 1 year ago

Hmm, I'm a bit unsure about the different versions of Ethereum. I'll need to think this through carefully.

Viola 1 year ago

This question seems straightforward, I'm pretty confident I can get the right answer.

Yuette 1 year ago

Haha, Ethereum 4.0? What is this, the iPhone? I think Vitalik and the team would like to keep it simple with 2.0 for now.

Pok 1 year ago

↳ replying to Yuette

Needs to stick to the basics first! 1.0 to 2.0 is a big step.

King 1 year ago

I think Ethereum is version 3.0 because of its smart contracts and DAOs.

Kanisha 1 year ago

I'm not so sure about that. Ethereum is more like 3.0 to me, with all the advancements in decentralized applications and the move towards Proof of Stake.

Filiberto 1 year ago

↳ replying to Kanisha

User 1: I think Ethereum is more like 3.0.

Kyoko 1 year ago

I believe Ethereum is actually version 2.0.

Ming 1 year ago

Ethereum is definitely the 2.0 version of blockchain technology. Vitalik's work on smart contracts and DAOs has really taken it to the next level.

Tess 1 year ago

↳ replying to Ming

C) 3.0

Louvenia 1 year ago

↳ replying to Ming

That's right! Ethereum is considered the 2.0 version of blockchain technology.

Alverta 1 year ago

↳ replying to Ming

A) 2.0

Dustin 1 year ago

I agree with Annamae, Ethereum is definitely version 3.0.

Annamae 1 year ago

I think Ethereum is considered Blockchain version 3.0.

Blockchain CBSA Exam - Topic 1 Question 91 Discussion