Crypto-currency Quiz Part 4

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. What is a cryptocurrency tumbler?
A sweet art blog
A coin wallet attachment
A service that hides coin origins
2. How many Bitcoins are currently active?
36%
64%
All of them
3. How much has Bitcoin's value grown since 2014?
36%
Over 800%
255%
4. Where do you store cryptocurrency?
Blockchain
Chain wallet
Private keys
5. There are more than two thousand types of cryptocurrency
True
false
6. To transfer crypto from one wallet to another you’ll need
A street address
An email address
A public wallet address
7. The risks of investing in cryptocurrency include:
The possibility of the government confiscating your cryptocurrency
Big price swings
A robot uprising
8. Bitcoin has a maximum supply of 25 million coins.
True
False
9. Crypto asset scams are among the most popular types of online investment scams.
True
False
10. There is no difference between cryptocurrencies and crypto assets, these terms are interchangeable.
True
False
11. Ether (ETH) is the digital currency for the Ethereum platform.
True
False
12. 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
13. Bitcoin will retain its value and rise in price over time because there’s a limited supply.
False
True
14. 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
15. Not all crypto assets are securities.
True
False
16. 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
17. Gas fees are transactions fees on the Ethereum network.
False
True
18. Cryptocurrencies can be used for payments.
True
False
19. All units of cryptocurrency are stored in wallets.
True
False
20. 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
21. What is the name of the famous Bitcoin exchange from Japan that collapsed in 2014?
Blockchain.info
Mt. Gox
Tradehill
22. What does a ledger in blockchain does?
Mapping between owner and object
Identification of owners
Identification of objects owned
23. 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
24. Bitcoin Is stored in bank accounts.
False
True
25. NFT stands for:
Node Forex Transaction
Non-Fungible Token
Not Finished Talking