Incredible Crypto Quiz Answers 100% Score Be Quizzed
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| Incredible Crypto Quiz Answers |
Incredible Crypto Quiz Answers
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1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?
- 68,350
- 63,729
- 71,882
- 60,113
Right Answer: 63,729
2. HOW MUCH ETHER DID A HACKER STEAL IN 2016?
- $25 million
- $40 million
- $50 million
- $65 million
Right Answer: $50 million
3. WHAT IS BITCOIN’S CAP LIMIT?
Right Answer: 21 million
4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?
- Bitcoin
- Litecoin
- Hashcash
- Digicash
Right Answer: Digicash
5. WHICH OF THESE IS NOT A QUALITY OF A BLOCKCHAIN?
- Structures its data into tables
- Data is chained together
- Decentralized
- Viewed Transparently
Right Answer: Structures its data into tables
6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?
- 64 million
- 21 million
- 84 million
- 54 million
Right Answer: 84 million
7. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?
Right Answer: Ethereum
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.
Right Answer: Using your computer to verify the legitimacy of bitcoin transactions.
9. WHAT IS THE BLOCK REWARD FOR DOGECOIN AS OF MAY 11, 2021?
- 10,000
- 15,000
- 8,500
- 2500
Right Answer: 10,000
10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:
- Cardano
- Stellar
- Chainlink
- Binance Coin
Right Answer: Cardano
11. WHERE DO BITCOIN TRANSACTION FEES GO?
- Satoshi Nakamoto
- Back into the blockchain
- To the bitcoin miner
- Used to create more tokens
Right Answer: To the bitcoin miner
12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?
- Dogecoin
- Ethereum
- Stellar XLM
- Binance Coin
Right Answer: Dogecoin
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
Right Answer: Electrical construction of the blockchain
14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?
- Restaurant tip
- A car
- Rent
- Pizza
Right Answer: Pizza
15. IN 2009 HOW MUCH WOULD ONE BLOCK EARN A MINER?
- 200 BTC
- 50 BTC
- 12.5 BTC
- 25 BTC
Right Answer: 50 BTC
WHEN DID LITECOIN GO LIVE?
October 13, 2011
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WHAT IS COLD STORAGE?
Bitcoin doesn't suffer from low inflation, because Bitcoin mining is limited to just 21 million units. That means the release of new Bitcoins is slowing down and the full amount will be mined out within the next couple of decades. Experts have predicted that the last Bitcoin will be mined by 2050.Bitcoin ATM