Interledger Quiz
About interledger
Made by @babatunde
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1: What does the Silo Effect refer to in the context of African payments?
20s
The high cost of building physical bank branches in rural areas.
The reliance on a single cryptocurrency for all continental trades.
Financial systems with no interoperability.
A lack of mobile phone penetration across Sub-Saharan Africa.
2: How much does the continent lose annually due to reliance on external intermediaries for intra-African settlement?
20s
$1 Billion USD
$5 Billion USD
$8.5 Billion USD
3: Why is the high usage of stablecoins in Africa (6.7% of GDP) described as Pragmatic Substitution?
20s
Users are routing around slow and expensive payment rails to send money
Users are crypto-enthusiasts looking for high-risk investments.
Stablecoins are the only legal currency in certain regions.
Banks have started issuing their own national stablecoins.
4: In the ILP universe, which role acts as the Router taking packets from one network and forwarding them to the next?
20s
The Sender
The Receiver
The Connector
The Account Servicing Entity (ASE)
5: The Interledger Protocol (ILP) is a new blockchain designed to replace all existing bank ledgers.
20s
True
False
6: Which layer of the Interledger Stack is responsible for segmenting a large payment into many tiny packets?
20s
The Link Layer (BTP/HTTP)
The Protocol Layer (ILP)
The Transport Layer (STREAM)
The Settlement Layer
7: During the Prepare phase of a packet transfer, what happens to the funds at each hop?
20s
They are immediately deposited into the receiver’s final account.
They are returned to the sender until the receiver signs a physical receipt
They are converted into Bitcoin to travel across the network.
They are held in cryptographic escrow (put on hold) pending a condition.
8: What is the Fulfillment in an ILP packet lifecycle?
20s
Cryptographic key that unlocks the funds
A physical signature from a bank manager
The process of the bank checking a user’s ID
An error message is sent when a transaction fails
9: Why does ILP use Penny Switching ?
20s
To make it harder for hackers to track large sums of money.
Because African currencies have very low values.
To ensure that if a connection drops, the amount of value at risk is zero.
To slow down the network so banks can keep up with the data flow.
10: Who is the Inventor of Interledger Protocol?
20s