Crypto-currency Quiz For Beginners

Total Questions : 100

Scoring System:
Correct Answer    : +4 points
Incorrect Answer  : -1 point
Not Answered      :  0 point


The final result will appear at the end. All The Best.
  

1. What Is The Production Of Cryptocurrency Called?
Makeup
Fabrication
Mining
2. What Is Blockchain?
A sequential chain of blocks containing information
Cryptocurrency value data
A secret database by which the owners of the cryptocurrency manage it
3. What Technology Is The Cryptocurrency Based On?
Blockchain
Photometrics
Cryptanalysis
4. In What Form Can Cryptocurrency Be Stored?
In the form of gold coins
As encrypted information in a chain of computers
As information on the user's electronic wallet and an encrypted copy on a central cryptocurrency server
5. What Is Cryptocurrency?
Hackers' secret money
Encrypted currency of a certain state
A type of digital currency
6. The Key Feature Of Cryptocurrency Functioning?
Absence of any internal or external administrator
Reliability backed by gold
The fact that it is based on ancient knowledge
7. What Interesting Thing Happened To One Of The First Bitcoin Miners, James Howells?
He produced several thousand bitcoins and donated them to a homeless charity.
He produced over 7,000 bitcoins, but then deemed them useless and threw his hard drive in a landfill along with his broken laptop.
He created 80,000 bitcoins in just one week and is now one of the richest people.
8. What Makes Cryptocurrency Secure?
Servers
Government Banks
Cryptographic math
9. What Is The Maximum Amount Of Bitcoin That Will Ever Be Created?
infinity, because there is no limit
21 million
Nobody knows
10. Where Do You Store Your Cryptocurrency?
Hardware/ software wallet
Bank Account
In your pocket
11. In Which Year Cryptocurrency Was Introduced?
2009
2010
2005
12. First Most Popular Cryptocurrency?
Ethereum
Tether
Bitcoin
13. Cryptocurrency Is Which Type Of Currency?
online currency
Paper currency
offline currency
14. Cryptocurrency Is Controlled By Which Organization?
central bank
world bank
None
15. We Can Buy Cryptocurrency By Which Method?
by paper money
by central method
by offline method
16. P2P Network Stand For?
personal to personal network
person to personal network
Peer to peer network
17. Cryptocurrency Also Known As
digital network
paper currency
None
18. What Powers The Ethereum Virtual Machine?
Ether
Gas
Bitcoin
19. Which Cryptocurrency Was The Most Expensive At The End Of 2017?
Bitcoin
Dash
Ethereum
20. Select The Pseudonym Of The Founder Of The Bitcoin Payment System.
Satoshi Nakamoto
John Smith
Xiao Huawei
21. In What Year Does The Term "Cryptocurrency" First Begin To Be Used?
2008
2009
2007
22. Which Country Is The Biggest Miner Of Cryptocurrencies?
China
India
USA
23. Who Invented Ethereum Coin?
Elon Musk
Vitarik Buterin
Satoshi Nakamoto
24. Blockchain Networks Are Much _____ And Deal With No Real Single Point Of Failure.
Simpler
Convenient
Easier to scale
25. Bitcoin Is A Cryptocurrency?
True
False
26. Blockchain Has How Many Versions.
5
2
3
27. Blockchain Enables Peer-To-Peer Transfer Of Digital Currency Without Any Intermediaries Such As Banks.
True
False
28. Blockchain Enable A Centralized Or A Decentralized System For The Exchange Of Value?
Centralized
Decentralized
None
29. Cryptocurrency Used By Which Method?
printing
Internet
Paper
30. Cryptocurrency Used For Which Purpose?
For buying goods and services
Only buying for services
None
31. Benefits Of Using Cryptocurrency
Less chance of fraud
safer than physical payments
Both
32. Bitcoin Is Made Up Of On Which Software
System software
Open source software
Application software
33. Which Currency Is Made By Vitarik Buterin
Ethereum
Bitcoin
Litecoin
34. After Bitcoin Which Is 2nd Most Popular Cryptocurrency
Ethereum
Doge coin
Litecoin
35. In 2011 Which Currency Was Created
Bitcoin
Doge coin
Lite coin
36. 5th Most Popular Cryptocurrency
Lite coin
Bitcoin
Doge coin
37. Cryptocurrency Works In Which Operating System
Mac
Window / Android
Both
38. Lite Coin Made Which Person
Vitarik Buterin
Charls Lee
Satoshi Nakamoto
39. Charls Lee Works For Which Organization
Google
Yahoo
Facebook
40. What Is Blockchain Ledger?
Online information saver
Offline information saver
None
41. Satoshi Nakamoto Released The Idea Of Bitcoin In Which Year?
2009
2008
2011
42. Bitcoin Created By Which Process?
Minting
Mining
None
43. Which Of The Following Is A Cryptocurrency?
Ripple
Kardashian
Bolivar
44. What Is A Cryptocurrency?
A form of digital currency
A form of currency that released on cryptography
Both
45. Select The Fiat Currency?
Dollar
Pound/Yen
Both
46. Bitcoin Runs On ______ Technology?
Blockchain
Network chain
Amazon server
47. Bitcoin Uses Which Data Technology?
Distributed network
Peer to peer network
Internet network
48. What Is The Code Of Bitcoin?
BTC
BC
ATC
49. In Which Year Last Bitcoin Shall Come Into Circulation?
2040
2141
2060
50. Fiat Currencies Require _____
Financial approval
Government approval
Both
51. Bitcoin Is A _____
currency
Property/Commodity
Both
52. What Is A Smart Contract?
A computer protocol
A cloud based contract
Artificial intelligence assisted contract
53. Transactions Are Verified By Network Nodes Through Cryptography And Recorded In A Public Distributed Ledger Is Called A _____
Blockchain
Crypto wallet
None
54. Which Is The First Cryptocurrency In India?
Bitcoin
Doge coin
IC15
55. Bitcoin.Org Was Registered In
2011
2008
2017
56. How Often Does Bitcoin Ledger Reconcile
Every day
Every 10 minutes
Every 3 minutes
57. What Are The Different Types Of Tokens?
Privacy
Currency
Platform
58. What Is A Miner
Computers that validate and process blockchain transactions
An algorithm that predicts the next part of the blockchain
A type of blockchain
59. What Is A DApp?
A type of currency
A decentralized application
A condiment
60. What Is The Term For When A Blockchain Splits?
A merger
A side chain
A fork
61. What Is The Purpose Of A Nonce?
Prevents double spending
A hash function
Sends information to the blockchain network
62. What Is Cold Storage?
A private key not connected to the internet
A private key connected to the internet
A desktop wallet
63. Each Block Of A Blockchain Consists Of Which Of The Following.
Timestamp
List of transactions
Both
64. Bitcoin Is Based On _______blockchain.
Private
Public
Permissioned
65. Hash Identifying Each Block In The Blockchain Is Generated Using Which Of The Following Cryptographic Algorithm.
SHA256
SHA128
66. Blockchain Forks Can Results In Which Of The Following.
Multiple parent blocks
Multiple children blocks
67. What Is Private Chain?
A key not to be given to the public
A key given to the public
68. What Is A Blockchain?
A ledger
A currency
A distributed on a peer to peer network
69. What Is A Node ?
A computer on a Blockchain network
An exchange
A type of currency
70. Where Is The Least Safe Place To Keep Your Cryptocurrency?
On a hot wallet
On an exchange
At your work desk
71. Non-fungible Tokens (NFTs) are a crypto asset that people can collect and trade.
True
False
72. Cryptocurrencies are low-risk investments if you buy and hold.
True
False
73. Regulators and law enforcement can’t trace cryptocurrency transactions.
True
False
74. Cryptocurrencies and blockchain are the same thing.
True
False
75. How is cryptocurrency treated by the IRS?
As property subject to capital gains tax
They don’t know about it
As an illegal asset they could seize
76. What is a cryptocurrency tumbler?
A sweet art blog
A coin wallet attachment
A service that hides coin origins
77. How many Bitcoins are currently active?
36%
64%
All of them
78. How much has Bitcoin's value grown since 2014?
36%
Over 800%
255%
79. Where do you store cryptocurrency?
Blockchain
Chain wallet
Private keys
80. There are more than two thousand types of cryptocurrency
True
false
81. To transfer crypto from one wallet to another you’ll need
A street address
An email address
A public wallet address
82. The risks of investing in cryptocurrency include:
The possibility of the government confiscating your cryptocurrency
Big price swings
A robot uprising
83. Bitcoin has a maximum supply of 25 million coins.
True
False
84. Crypto asset scams are among the most popular types of online investment scams.
True
False
85. There is no difference between cryptocurrencies and crypto assets, these terms are interchangeable.
True
False
86. Ether (ETH) is the digital currency for the Ethereum platform.
True
False
87. How can an investor mitigate risk in his/her crypto investing approach?
Adopt a dollar cost average (DCA) investing strategy
Conduct research into a cryptocurrency before purchasing it
All of the above
88. Bitcoin will retain its value and rise in price over time because there’s a limited supply.
False
True
89. Historically, what has happened to the Bitcoin price following a halving?
A significant dive in price
A significant surge in price
Price stays relatively stable
90. Not all crypto assets are securities.
True
False
91. One of Bitcoin’s defining features is the limit on the total amount of coins in circulation. But how high exactly is the limit? What is the largest amount of bitcoins to ever be produced? (Hint: it’s a trick question)
184 billion
100 million
21 million
92. Gas fees are transactions fees on the Ethereum network.
False
True
93. Cryptocurrencies can be used for payments.
True
False
94. All units of cryptocurrency are stored in wallets.
True
False
95. Bitcoin is not as simple as some might think, as it supports a pretty advanced feature. Which of these things is actually present in Bitcoin?
Turing completeness
Delegated Proof-of-Stake
Smart contracts
96. What is the name of the famous Bitcoin exchange from Japan that collapsed in 2014?
Blockchain.info
Mt. Gox
Tradehill
97. What does a ledger in blockchain does?
Mapping between owner and object
Identification of owners
Identification of objects owned
98. In the early days of Bitcoin, it was traded in deals between individual people meeting each other online, with no regular trading activity. What was the BTC/USD exchange rate when it first started trading on an online exchange?
$1 per BTC
$0.003 per BTC
$550 per BTC
99. Bitcoin Is stored in bank accounts.
False
True
100. NFT stands for:
Node Forex Transaction
Non-Fungible Token
Not Finished Talking

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