Bitcoin Quiz Answers 100% Score Be Quizzed

Bitcoin Quiz Answers 100% Score Be Quizzed

   Bitcoin Quiz Answers

 1. BITCOIN USES __TECHNOLOGY TO OPERATE WITH NO CENTRAL AUTHORITY

• Mentor-to-Mentee
• Peer-to-peer
• Administrator-to-Subject
• Miner-to-Buyer

Right Answer: Peer-to-peer

2.VERSION 1. BITCOIN TRANSACTIONS ARE ALL OF THESE EXCEPT?

• Permissionless
• Anonymous
• Private
• Reversible

Right Answer: Reversible

2.VERSION 2. WHAT DID SATOSHI NAKOMOTO HARD CODE INTO THE GENESIS BLOCK?

• Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
• Men make counterfeit money; in many more cases, money makes counterfeit men.
• A wise man should have money in his head, but not in his heart.
• The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

Right Answer: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

3. WHICH OF THESE DESCRIBES A DEAD BITCOIN?

• A bitcoin that has been hacked and stolen.
• A bitcoin that has been used in an illegal transaction.
• A bitcoin which can no longer be accessed.
• A bitcoin which has corrupted and lost its value.

Right Answer: A bitcoin which can no longer be accessed.

4. WHAT WAS SILK ROAD?

• A piece of code that is apart of the blockchain technology.
• A bitcoin wallet used to store bitcoins offline.
• A reddit group dedicated ton bitcoin technology.
• An online marketplace where illegal goods were purchased with bitcoin.

Right Answer: An online marketplace where illegal goods were purchased with bitcoin.

5.VERSION 1. WHAT WAS THE STARTING PRICE FOR ONE BITCOIN IN 2009?

• $.005
• $.03
• $.0001
• $.015

Right Answer: $.0001

5.VERSION 2. WHAT IS A PRIVATE KEY IN BITCOIN?

• A point on the elliptic curve
• The password generated from the public key through modular arithmetic and SHA-256
• A mode of turning off your wallet so no one can see your transaction history
• A multiplier of the generator point on the elliptic curve

Right Answer: The password generated from the public key through modular arithmetic and SHA-256

6. WHEN DO BITCOIN BLOCK REWARDS CHANGE FOR MINERS?

• After 300,000 blocks
• After 430,000 blocks
• After 210,000 blocks
• After 180,000 blocks

Right Answer: After 210,000 blocks

7.VERSION 1. WHAT IS THE CURRENT BLOCK REWARD FOR MINERS?

• 12.5 BTC
• 25 BTC
• 6.25 BTC
• 3.125 BTC

Right Answer: 6.25 BTC

7.VERSION 2. WHERE IS BITCOIN ILLEGAL?

• Ecuador
• Canada
• Spain
• Australia

Right Answer: Ecuador

8. WHAT IS THE SMALLEST UNIT OF BITCOIN CALLED?

• Satoshi
• Millibit
• Fillmore
• Finney

Right Answer: Satoshi

 

9. WHICH ONE OF THESE YEARS WAS THE LEAST VOLATILE FOR BITCOIN?

• 2010
• 2012
• 2015
• 2016

Right Answer: 2016

10.VERSION 1. WHAT IS THE LARGEST AMOUNT OF BITCOINS TO EVER BE PRODUCED?

• 132 million
• 184 billion
• 21 million
• 32 billion

Right Answer: 184 billion

10.VERSION 2. WHAT DOES SATOSHI NAKOMOTO LOOSELY TRANSLATE TO?

• Wise Future Thought
• Inside Teacher Origin
• Balanced Inside Origin
• Wise Inside Foundation

Right Answer: Wise Future Thought

11. WHICH ONE OF THESE BITCOIN HACKS LEAD TO THE LARGEST LOSS SO FAR?

• Bitfinex Hack
• Mt. Gox Collapse
• Coincheck Hack
• Govex Collapse

Right Answer: Mt. Gox Collapse

12. WHICH PERFORMER WAS THE FIRST TO START ACCEPTING THE DIGITAL CURRENCY FOR THEIR RECORDS?

• 50 Cent
• Childish Gambino
• Jamie Foxx
• DJ Khaled

Right Answer: 50 Cent

 

13. WHICH OF THESE FEATURES IS PRESENT IN BITCOIN?

• Smart Contracts
• Turing Completeness
• Delegated Proof-of-Stake
• Automated Security

Right Answer: Smart Contracts

14. WHAT ARE BITCOIN FUTURES?

• Price prediction horoscopes for Bitcoin
• A financial instrument giving you the right to always buy Bitcoin at a cheaper price
• A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date
• A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given date that is at least one year in the future

Right Answer: A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date

15. WHAT IS INCLUDED IN A BLOCK HASH?

• All the transactions combined end to end separated by commas
• The timestamp when all the miners started working on the block
• The next block hash in the blockchain
• The nonce used to achieve the difficulty required

Right Answer: The nonce used to achieve the difficulty required

16. WHAT IS A PAYMENT DISTRIBUTION METHOD FOR A MINING POOL?

• Estimated Moving Average
• Pay per Last N Shares
• Triple Geometric Method
• Fibonacci Selection

Right Answer: Pay per Last N Shares

17. WHAT IS A NONCE?

• The transaction id number
• A miners ASIC chip array
• The generator point used in elliptic curve cryptography
• The number of miners run through to generate a correct hash

Right Answer: The number of miners run through to generate a correct hash

18. WHAT IS THE HISTORY OF BITCOIN MINING IN TERMS OF HARDWARE USE CHRONOLOGICALLY

• CPU – GPU – FPGA – ASIC
• GPU – CPU – FPGA – ASIC
• GPU – CPU – ASIC – FPG
• AASIC – FPGA – CPU- GPU

Right Answer: CPU – GPU – FPGA – ASIC

19. WHAT IS A GH/S?

• 1000 hashes per second
• 1,000,000 hashes per second
• 1,000,000,000 hashes per second
• 1,000,000,000,000 hashes per second

Right Answer: 1,000,000,000 hashes per second

20. WHAT IS A BLOOM FILTER?

• A way of lowering the amount of data mobile wallets need to stay up to date
• A micro transaction service for music streaming using Bitcoin
• A way of sending Bitcoins and verifying the address through proof of address certificates
• A full Bitcoin node verifying incoming transactions

Right Answer: A way of lowering the amount of data mobile wallets need to stay up to date