MetaMask: The Ultimate Guide to Ethereum Wallet Extension

Question 1

Which of the following is NOT a recommended security measure when using MetaMask?

Accepted Answer

Disabling JavaScript when not using MetaMask

Answer

Using a strong password

Answer

Storing your private key offline

Question 2

Which of the following is **not** a supported network in MetaMask?

Accepted Answer

Solana

Answer

Ethereum Mainnet

Answer

Polygon

Answer

BSC

Question 3

What is the native token of the Ethereum blockchain?

Accepted Answer

ETH

Answer

MATIC

Answer

BNB

Answer

SOL

Question 4

What is the fundamental difference between an ERC-20 token and an ERC-721 token?

Accepted Answer

ERC-20 tokens are fungible, while ERC-721 tokens are non-fungible

Answer

ERC-721 tokens are fungible, while ERC-20 tokens are non-fungible

Answer

Both ERC-20 and ERC-721 tokens are fungible

Answer

Both ERC-20 and ERC-721 tokens are non-fungible

Question 5

What is the defining characteristic of a decentralized application (dApp)?

Accepted Answer

It operates on a distributed blockchain network

Answer

It is controlled by a single entity or organization

Answer

It relies on centralized servers for data storage and processing

Answer

It is not open source and cannot be modified by users

Question 6

What is the primary function of a smart contract in the context of blockchain technology?

Accepted Answer

To automate the execution of agreements and transactions

Answer

To securely store and manage data

Answer

To create new forms of cryptocurrency

Answer

To validate and process transactions on the blockchain

Question 7

Which of the following is **not** a potential security risk associated with using MetaMask?

Accepted Answer

Guaranteed protection against all security threats

Answer

Phishing attacks

Answer

Malware infections

Answer

Private key exposure and theft

Question 8

What is MetaMask primarily used for?

Accepted Answer

Interacting with the Ethereum blockchain

Answer

Mining cryptocurrency

Answer

Storing sensitive information

Answer

Managing various cryptocurrencies

Question 9

What is the main purpose of the MetaMask browser extension in the context of blockchain technology?

Accepted Answer

To enable secure and easy interaction with the Ethereum blockchain

Answer

To create and deploy smart contracts on the Ethereum blockchain

Answer

To improve the privacy and anonymity of online browsing

Answer

To mine cryptocurrencies using the user's computer resources

Question 10

Which of the following is an inaccurately stated feature of MetaMask?

Accepted Answer

Allows users to mine Ethereum directly within the extension

Answer

Facilitates sending and receiving transactions on the Ethereum blockchain

Answer

Stores and manages Ether and ERC-20 tokens

Answer

Interacts with decentralized applications

Question 11

What is the primary purpose of using MetaMask?

Accepted Answer

To enable interaction with the Ethereum blockchain ecosystem

Answer

To provide a fully-fledged cryptocurrency exchange platform

Answer

To offer comprehensive blockchain application development capabilities

Answer

To facilitate mining of various cryptocurrencies

Question 12

Which of the following is a key advantage offered by MetaMask?

Accepted Answer

Access to a wide range of decentralized applications

Answer

Compatibility with all major cryptocurrencies

Answer

Unlimited transactions without incurring any fees

Answer

Unconditional protection against all hacking attempts

Question 13

What is the default blockchain network utilized by MetaMask?

Accepted Answer

Ethereum Mainnet

Answer

Rinkeby Test Network

Answer

Binance Smart Chain Network

Answer

Polygon Network

Question 14

How can users add custom blockchain networks to MetaMask?

Accepted Answer

Through the 'Settings' menu within the MetaMask extension

Answer

By altering the browser's extension settings directly

Answer

Using a third-party plugin or tool

Answer

Custom networks cannot be added to MetaMask

Question 15

What is the primary significance of the Seed Phrase in MetaMask?

Accepted Answer

It serves as a backup mechanism to recover the wallet in case of loss or damage

Answer

It generates and manages public and private cryptographic keys

Answer

It authenticates the user's identity during transactions

Answer

It encrypts transactions on the blockchain, ensuring their privacy

Question 16

How can users import an existing cryptocurrency wallet into MetaMask?

Accepted Answer

Utilizing the 'Import Wallet' functionality within the extension

Answer

Scanning a QR code associated with the existing wallet

Answer

Importing an existing wallet is not a supported feature in MetaMask

Answer

By connecting a hardware wallet to the MetaMask extension

Question 17

What is the fundamental purpose of the 'Gas Fee' in MetaMask?

Accepted Answer

Compensating miners or validators for processing transactions on the blockchain

Answer

Preventing malicious or spam transactions from clogging the network

Answer

Calculating and displaying the potential profit from cryptocurrency trading

Answer

Generating revenue for MetaMask as a company

Question 18

Which of the following statements accurately describes a limitation of MetaMask?

Accepted Answer

It does not support the storage and management of all cryptocurrencies

Answer

It is completely immune to phishing attacks and scams

Answer

It lacks the ability to interact with decentralized applications

Answer

It requires extensive hardware resources to operate smoothly

Question 19

Which of the following is NOT a feature of MetaMask?

Accepted Answer

Validating the Ethereum blockchain consensus mechanism

Answer

Storing private keys securely

Answer

Monitoring blockchain transactions

Answer

Interacting with the Ethereum blockchain

Question 20

What is the principal purpose of MetaMask?

Accepted Answer

To connect with decentralized applications (dApps) and interact with smart contracts

Answer

To facilitate Ether mining

Answer

To act as a fiat currency on-ramp for cryptocurrencies

Question 21

Which of the following cryptocurrency types can be stored within MetaMask?

Accepted Answer

ERC-20 token

Answer

Bitcoin

Answer

Dogecoin

Question 22

What is the term used for sending Ether through MetaMask?

Accepted Answer

Transaction

Answer

Bridging

Answer

Staking

Answer

Mining

Question 23

With which blockchain network does MetaMask primarily interact?

Accepted Answer

Ethereum

Answer

Polygon

Answer

Binance Smart Chain

Answer

Bitcoin

Question 24

Which of the following is an advantage associated with using MetaMask?

Accepted Answer

User-friendly interface

Answer

High transaction costs

Answer

Limited compatibility with cryptocurrencies

Question 25

What file format is used for backing up MetaMask data?

Accepted Answer

JSON (JavaScript Object Notation)

Answer

CSV

Answer

XML

Answer

TXT

Question 26

Which of the following is a potential security threat when using MetaMask?

Accepted Answer

Phishing scams

Answer

Hardware failure

Answer

Natural disasters

Question 27

What is considered best practice for storing your MetaMask seed phrase?

Accepted Answer

Store it offline and securely

Answer

Save it as a text file on your computer

Answer

Store it on a cloud storage service

Answer

Memorize it