Entrepreneur Academy/Foundations of a Web3 Venture/Module 1B8 / 8Test Your KnowledgeInteractive quiz to test your understanding of security fundamentals for Web3Quiz questionQuiz · select one answerWhat should a non-technical founder prioritize when assessing their project's security standards?Hiring a large security teamMoving all data to off-chain storageRelying on third-party security assessments and implementing bug bounty programsInvesting in expensive security toolsCheck answerQuiz questionQuiz · select one answerWhich of these is NOT one of the three most overlooked components of IT governance in early-stage startups?Vendor managementAccess managementMarketing strategyChange managementCheck answerQuiz questionQuiz · select one answerWhat is the recommended approach for managing private keys according to best practices?Store them in a cloud service for easy accessShare them with all team members for redundancyKeep them offline, encrypted, and split into different shardsStore them in plain text in your code repositoryCheck answerQuiz questionQuiz · select one answerWhich type of data is most appropriate to store on-chain?User personal informationFrequently updated state dataOwnership records and token informationLarge media filesCheck answerQuiz questionQuiz · select one answerWhat principle should guide admin privilege management in a Web3 startup?All team members should have admin rights for efficiencyOnly the CTO should have permanent admin rightsAdmin rights should rotate randomly among team membersNo one should have admin rights by default, and access should require approvalCheck answer PreviousFlashcardsNext module Module 2 · Business Model Canvas
