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What is the main advantage of a multi-chain ecosystem?

AIt reduces the security of the blockchain.
BIt increases the gas fees.
CIt enables tokens and assets to be transferred across multiple blockchains.
DIt restricts interoperability between different blockchains.

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What role does Avalanche play in enabling multi-chain ecosystems?

AIt provides a single-chain environment for transactions.
BIt limits token usage to the native chain.
CIt supports seamless cross-chain communication with tools like L1s and ICTT.
DIt prevents interoperability between its L1s and other chains.

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Which contract must be granted minting rights for the ERC-20 token to be used as a native token on a new L1 chain?

ANativeTokenRemote contract
BERC-20 Home contract
CERC-712 contract
DL1 governance contract

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Why is collateralization important in transferring native tokens between L1 chains?

AIt increases the supply of tokens on the C-Chain.
BIt ensures the total supply of tokens remains balanced across both chains.
CIt burns the tokens on the remote chain.
DIt locks the token permanently on the C-Chain.

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What is the purpose of wrapping a native token on the C-Chain before transferring it to a new L1?

ATo convert it into an ERC-721 token.
BTo prepare it for cross-chain transfer as an ERC-20 token.
CTo lock it in a smart contract and mint its representation on the new L1.
DTo burn the token and reduce its total supply.
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Last updated on 1/23/2025