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Incredible Crypto Quiz 2 Answers
WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON?
- Cryptochain
- Blockchain
- Bankchain
- Fiatchain
Answer: Blockchain
- It is still the only form
- 2018
- 2013
- 2011
Answer: 2011
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
AS OF JULY 2021, WHICH OF THE FOLLOWING IS IN THE TOP 5 MOST POPULAR CRYPTOCURRENCIES?
- Stellar
- VeChain
- Amp
- Ethereum
Answer: Ethereum
WHAT WAS THE FIRST FORM OF CRYPTO?
- Bitcoin
- Litecoin
- Ethereum
- Stellar
Answer: Bitcoin
CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?
- Technological
- Advanced
- Decentralized
- Unconnected
Answer: Decentralized
WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?
- Barry Silbert
- Satoshi Nakamoto
- Nick Szabo
- Bill Gates
Answer: Satoshi Nakamoto
POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?
- Ethereum
- Bitcoin Cash
- Chainlink
- Bitcoin
Answer: Ethereum
WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?
- Hammering
- Conducting
- Engineering
- Mining
Answer: Mining
HOW MANY BITCOINS CAN EVER EXIST?
- 15 Million
- 21 Million
- 50 Million
- Infinite amount
WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?
- 2030
- 2040
- 2050
- 2060
Answer: 2040
WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?
- Germany
- Russia
- United States
- China
Answer: China
WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?
- Satoshi
- Bitoshi
- Nanocoin
- Ether
Answer: Satoshi
WHAT DOES P2P STAND FOR?
- Password to Password
- Password to Product
- Peer to Peer
- Product to Peer
Answer: Peer to Peer
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
WHAT IS A DAPP?
- A decentralized application
- A demonetized application
- A diluted application
- A defined application
Answer: A decentralized application
WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?
- Fork
- Hard Break
- Splinter
- Rupture
Answer: Fork
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
WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?
- Vitalik Buterin
- Satoshi Nakamoto
- Jackson Palmer
- Elon Musk
Answer: Vitalik Buterin
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
WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?
- Bridges
- Defi
- Halving
- Proof of Work
Answer: Proof of Work
WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?
- Proof of Stake
- Private Keys
- Immutability
- Network Regulated Security
Answer: Immutability
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
HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?
- 30 seconds
- 1 minute
- 10 minutes
- 30 minutes
Answer: 10 minutes
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