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