Crypto-currency Quiz Part 3

Total Questions : 25

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


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

1. Bitcoin Is A _____
currency
Property/Commodity
Both
2. What Is A Smart Contract?
A computer protocol
A cloud based contract
Artificial intelligence assisted contract
3. Transactions Are Verified By Network Nodes Through Cryptography And Recorded In A Public Distributed Ledger Is Called A _____
Blockchain
Crypto wallet
None
4. Which Is The First Cryptocurrency In India?
Bitcoin
Doge coin
IC15
5. Bitcoin.Org Was Registered In
2011
2008
2017
6. How Often Does Bitcoin Ledger Reconcile
Every day
Every 10 minutes
Every 3 minutes
7. What Are The Different Types Of Tokens?
Privacy
Currency
Platform
8. 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
9. What Is A DApp?
A type of currency
A decentralized application
A condiment
10. What Is The Term For When A Blockchain Splits?
A merger
A side chain
A fork
11. What Is The Purpose Of A Nonce?
Prevents double spending
A hash function
Sends information to the blockchain network
12. What Is Cold Storage?
A private key not connected to the internet
A private key connected to the internet
A desktop wallet
13. Each Block Of A Blockchain Consists Of Which Of The Following.
Timestamp
List of transactions
Both
14. Bitcoin Is Based On _______blockchain.
Private
Public
Permissioned
15. Hash Identifying Each Block In The Blockchain Is Generated Using Which Of The Following Cryptographic Algorithm.
SHA256
SHA128
16. Blockchain Forks Can Results In Which Of The Following.
Multiple parent blocks
Multiple children blocks
17. What Is Private Chain?
A key not to be given to the public
A key given to the public
18. What Is A Blockchain?
A ledger
A currency
A distributed on a peer to peer network
19. What Is A Node ?
A computer on a Blockchain network
An exchange
A type of currency
20. Where Is The Least Safe Place To Keep Your Cryptocurrency?
On a hot wallet
On an exchange
At your work desk
21. Non-fungible Tokens (NFTs) are a crypto asset that people can collect and trade.
True
False
22. Cryptocurrencies are low-risk investments if you buy and hold.
True
False
23. Regulators and law enforcement can’t trace cryptocurrency transactions.
True
False
24. Cryptocurrencies and blockchain are the same thing.
True
False
25. 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