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Quiz 2

Cryptocurrency Quiz

Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.

In which year cryptocurrency was introduced?
1. 2008
2. 2009
3. 1990

First most popular cryptocurrency?
1. Etheram
2. Bitcoin
3. Tether

Cryptocurrency is which type of currency?
1. offline currency
2. online currency
3. Paper currency

Cryptocurrency is controlled by which organization?
1. world bank
2. central bank
3. None

We can buy cryptocurrency by which method?
1. by paper money
2. by central method
3. by offline method

P2P network stand for?
1. Peer to peer network
2. personal to personal network
3. person to personal network

Cryptocurrency also known as
1. digital network
2. paper currency
3. None

What powers the Ethereum Virtual Machine?
1. Gas
2. Ether
3. Bitcoin

What is cryptocurrency?
1. Encrypted currency of a certain state
2. A type of digital currency
3. Hackers' secret money

Which cryptocurrency was the most expensive at the end of 2017?
1. Ethereum
2. Dash
3. Bitcoin

What technology is the cryptocurrency based on?
1. Blockchain
2. Photometrics
3. Cryptanalysis

The key feature of cryptocurrency functioning?
1. Reliability backed by gold
2. The fact that it is based on ancient knowledge
3. Absence of any internal or external administrator

Select the pseudonym of the founder of the Bitcoin payment system.
1. John Smith
2. Satoshi Nakamoto
3. Xiao Huawei

In what year does the term "cryptocurrency" first begin to be used?
1. 1994
2. 2009
3.

In what form can cryptocurrency be stored?
1. As information on the user's electronic wallet and an encrypted copy on a central cryptocurrency server
2. In the form of gold coins
3. As encrypted information in a chain of computers

What is blockchain?
1. Cryptocurrency value data
2. A secret database by which the owners of the cryptocurrency manage it
3. A sequential chain of blocks containing information

What is the production of cryptocurrency called?
1. Makeup
2. Fabrication
3. Mining

What interesting thing happened to one of the first bitcoin miners, James Howells?
1. He produced several thousand bitcoins and donated them to a homeless charity.
2. He produced over 7,000 bitcoins, but then deemed them useless and threw his hard drive in a landfill along with his broken laptop.
3. He created 80,000 bitcoins in just one week and is now one of the richest people.

Which country is the biggest miner of cryptocurrencies?
1. USA
2. RUSSIA
3. CHINA

Who invented Ethereum coin?
1. Elon Musk
2. Vitarik Buterin
3. Satoshi Nakamoto

Blockchain networks are much _____ and deal with no real single point of failure.
1. Simpler
2. Easier to scale
3. Convenient

Bitcoin is a cryptocurrency?
1. True
2. False

Blockchain has how many versions.
1. 2
2. 3
3. 4

blockchain enables peer-to-peer transfer of digital currency without any intermediaries such as banks.
1. False
2. True

Blockchain enable a centralized or a decentralized system for the exchange of value?
1. Decentralized
2. Centralized
3. None of the above

Cryptocurrency used by which method?
1. Paper
2. printing
3. internet

Cryptocurrency used for which purpose?
1. For buying goods and services
2. Only buying for services
3. None

Benefits of using cryptocurrency
all the above 1. Less chance of fraud
2. safer than physical payments
3. Both 1 & 2

Bitcoin is made up of on which software
1. Application software
2. System software
3. Open source software

Which currency is made by Vitarik Buterin
1. Ethereum
2. Bitcoin
3. Litecoin

After Bitcoin which is 2nd most popular cryptocurrency
1. Ethereum
2. Doge coin
3. Litecoin

In 2011 which currency was created
1. Lite coin
2. Bitcoin
3. Doge coin

5th most popular cryptocurrency
1. Lite coin
2. Bitcoin
3. Doge coin

Cryptocurrency works in which operating system
1. Window / Android
2. Mac
3. Both 1 & 2

Lite coin made which person
1. Charls Lee
2. Vitarik Buterin
3. Satoshi Nakamoto

Charls Lee works for which organization
1. Google
2. Facebook
3. Yahoo

What is blockchain ledger?
1. Online information saver
2. Offline information saver
3. None of these

Satoshi Nakamoto released the idea of Bitcoin in which year?
1. 2008
2. 2009
3. 2019

Bitcoin created by which process?
1. Mining
2. Minting
3. None of these

Which of the following is a cryptocurrency?
1. Bolivar
2. Kardashian
3. Ripple

What is a cryptocurrency?
1. A form of digital currency
2. A form of currency that released on cryptography
3. Both A & B

Select the Fiat Currency?
1. Dollar
2. Pound/Yen
3. All of these

Bitcoin runs on ______ technology?
1. Blockchain
2. Network chain
3. Amazon server

Bitcoin uses which data technology?
1. Peer to peer network
2. Distributed network
3. Internet network

What is the code of Bitcoin?
1. BTC
2. BC
3. ATC

In which year last Bitcoin shall come into circulation?
1. 2141
2. 2040
3. 2060

Fiat currencies require _____
1. Government approval
2. Financial approval
3. Both

What makes cryptocurrency secure?
1. Servers
2. Cryptographic method
3. Coin companion

What is the production of cryptocurrency called?
1. Make up
2. Fabrication
3. Mining

Bitcoin is a
1. currency
2. Property/Commodity
3. All the above

What is a smart contract?
1. A computer protocol
2. A cloud based contract
3. Artificial intelligence assisted contract

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger is called a ?
1. Crypto wallet
2. Blockchain
3. Nodes

Which is the first cryptocurrency in India?
1. IC15
2. Bitcoin
3. Doge coin

Bitcoin.org was registered in
1. 2017
2. 1988
3. 2008

How often does Bitcoin ledger reconcile
1. Every 10 minutes
2. Every day
3. Every 3 minutes

What is a miner
1. An algorithm that predicts the next part of the blockchain
2. Computers that validate and process blockchain transactions
3. A type of blockchain

What are the different types of tokens?
1. Currency
2. Privacy
3. Platform

What is a dApp?
1. A type of currency
2. A decentralized application
3. A condiment

What is the term for when a blockchain splits?
1. A fork
2. A merger
3. A side chain

What is the purpose of a nonce?
1. Prevents double spending
2. A hash function
3. Sends information to the blockchain network

What is cold storage?
1. A private key not connected to the internet
2. A private key connected to the internet
3. A desktop wallet

Each block of a Blockchain consists of which of the following.
1. Timestamp
2. List of transactions
3. All of these

Bitcoin is based on _______blockchain.
1. Private
2. Public
3. Permissioned

Hash identifying each block in the blockchain is generated using which of the following Cryptographic algorithm.
1. SHA128
2. SHA256

Blockchain forks can results in which of the following.
1. Multiple parent blocks
2. Multiple children blocks

What is private chain?
1. A key not to be given to the public
2. A key given to the public

What is a blockchain?
1. A currency
2. A ledger
3. A distributed on a peer to peer network

What is a node ?
1. A computer on a Blockchain network
2. An exchange
3. A type of currency

Where is the least safe place to keep your cryptocurrency?
1. On an exchange
2. On a hot wallet
3. At your work desk

Cryptocurrency is controlled by which organization?
1. world bank
2. central bank
3. None

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