Incredible Crypto BeQuizzed 2
Q 1. WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON?
Choices:
Cryptochain
Blockchain
Bankchain
Fiatchain
Right Answer:
Blockchain
Q 2. BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR?
Choices:
It is still the only form.
2018
2013
2011
Right Answer:
2011
Q 3. WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERNMENT (SUCH AS PAPER MONEY)?
Choices:
Tangible currency
Guber currency
Fiat Currency
Aubit currency
Right Answer:
Fiat Currency
Q 4. AS OF JULY 2021, WHICH OF THE FOLLOWING IS IN THE TOP 5 MOST POPULAR CRYPTOCURRENCIES?
Choices:
Stellar
VeChain
Amp
Ethereum
Right Answer:
Ethereum
Q 5. WHAT WAS THE FIRST FORM OF CRYPTO?
Choices:
Bitcoin
Litecoin
Ethereum
Stellar
Right Answer:
Bitcoin
Q 6. CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?
Choices:
Technological
Advanced
Decentralized
Unconnected
Right Answer:
Decentralized
Q 7. WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?
Choices:
Barry Silbert
Satoshi Nakamoto
Nick Szabo
Bill Gates
Right Answer:
Satoshi Nakamoto
Q 8. POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?
Choices:
Ethereum
Bitcoin Cash
Chainlink
Bitcoin
Right Answer:
Ethereum
Q 9. WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?
Choices:
Hammering
Conducting
Engineering
Mining
Right Answer:
Mining
Q 10. HOW MANY BITCOINS CAN EVER EXIST?
Choices:
15 Million
21 Million
50 Million
Infinite amount
Right Answer:
21 Million
Q 11. WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?
Choices:
2030
2040
2050
2060
Right Answer:
2040
Q 12. WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?
Choices:
Germany
Russia
United States
China
Right Answer:
China
Q 13. WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?
Choices:
Satoshi
Bitoshi
Nanocoin
Ether
Right Answer:
Satoshi
Q 14. WHAT DOES P2P STAND FOR?
Choices:
Password to Password
Password to Product
Peer to Peer
Product to Peer
Right Answer:
Peer to Peer
Q 15. WHAT IS A NODE?
Choices:
A crypto blockchain
A blockchain transaction
A computer connected to a crypto network
An offline storage for cryptocurrency
Right Answer:
A computer connected to a crypto network
Q 16. WHAT IS A DAPP?
Choices:
A decentralized application
A demonetized application
A diluted application
A defined application
Right Answer:
A decentralized application
Q 17. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?
Choices:
Fork
Hard Break
Splinter
Rupture
Right Answer:
Fork
Q 18. WHAT IS COLD STORAGE
Choices:
A crypto exchange
A way of holding cryptocurrency offline
A way of holding cryptocurrency online
A way to mine cryptocurrency
Right Answer:
A way of holding cryptocurrency offline
Q 19. WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?
Choices:
Vitalik Buterin
Satoshi Nakamoto
Jackson Palmer
Elon Musk
Right Answer:
Vitalik Buterin
Q 20. WHAT IS ETHEREUM?
Choices:
A Bitcoin token
A blockchain platform with its own currency
A Bitcoin mining platform
A process of pricing crypto transactions
Right Answer:
A blockchain platform with its own currency
Q 21. WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?
Choices:
Bridges
Defi
Halving
Proof of Work
Right Answer:
Proof of Work
Q 22. WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?
Choices:
Proof of Stake
Private Keys
Immutability
Network Regulated Security
Right Answer:
Immutability
Q 23. WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWN AS?
Choices:
Black Paper
White Paper
Green Paper
Red Paper
Right Answer:
White Paper
Q 24. HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?
Choices:
30 seconds
1 minute
10 minutes
30 minutes
Right Answer:
10 minutes
Q 25. HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?
Choices:
24 hours a day/7 days a week
9:30am-4:30pm/ Monday-Friday
9:30am-4:30pm/ Monday-Saturday
12am-5pm/ Saturday and Sunday
Right Answer:
24 hours a day/7 days a week
