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Incredible Crypto Quiz Answers
1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?
2. HOW MUCH ETHER DID A HACKER STEAL IN 2016?
- $25 million
- $40 million
- $50 million
- $65 million
Answer: $50 million
3. WHAT IS BITCOIN’S CAP LIMIT?
Answer: 21 million
4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?
5. WHICH OF THESE IS NOT A QUALITY OF A BLOCKCHAIN?
- Structures its data into tables
- Data is chained together
- Viewed Transparently
Answer: Structures its data into tables
6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?
- 64 million
- 21 million
- 84 million
- 54 million
Answer: 84 million
7. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?
8. WHICH OF THESE MOST CLOSELY LINES UP WITH THE MEANING OF MINING BITCOIN?
- Using your computer to verify the legitimacy of bitcoin transactions.
- Using your computer to discover hidden bitcoin in the blockchain.
- Using your computer to dig up blocks of bitcoin.
- Using your computer to create new bitcoin tokens, which are added to the blockchain.
Answer: Using your computer to verify the legitimacy of bitcoin transactions.
9. WHAT IS THE BLOCK REWARD FOR DOGECOIN AS OF MAY 11, 2021?
10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:
- Binance Coin
11. WHERE DO BITCOIN TRANSACTION FEES GO?
- Satoshi Nakamoto
- Back into the blockchain
- To the bitcoin miner
- Used to create more tokens
Answer: To the bitcoin miner
12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?
- Stellar XLM
- Binance Coin
13. WHICH OF THESE IS NOT A MAJOR CONCERN WITH ETHEREUM?
- Electrical construction of the blockchain
- Energy Consumption from miners
- Environmental impact from the blockchain
- Gas Emissions caused by transactions
Answer: Electrical construction of the blockchain
14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?
- Restaurant tip
- A car
15. IN 2009 HOW MUCH WOULD ONE BLOCK EARN A MINER?
- 200 BTC
- 50 BTC
- 12.5 BTC
- 25 BTC
Answer: 50 BTC
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