cryptocurrency quiz 10
- Bitcoin is considered the most established cryptocurrency because its price is very stable.
- Blockchain is also highly environmentally efficient.
- What is not a ledger type considered by users in Blockchain?
- What is cold storage?
- What is a genesis block?
- An initial coin offering, or ICO, is:
- Which site run by Ross Ulbricht was closed by the FBI for letting people buy drugs with Bitcoin?
- How many new Bitcoins are created every day?
- How often does Bitcoin ledger reconcile
- The differences between cryptocurrency and traditional currency include all of the following except:
- Blockchain is:
- Cryptographic Hash Function transforms an arbitrary length of a fixed length string that act more or less as a Fingerprint of the document
- What is the purpose of a nonce?
- Where is the bitcoin central server located?
- What does the block in the blockchain consist of?
False
True
False
True
Decentralized Ledger
Distributed Ledger
None
A place to hang your coat
A private key not connected to the Internet
A private key connected to the Internet
The first block of a Blockchain
A famous block that hardcoded a hash of the Book of Genesis onto the blockchain
The first block after each block halving
When QVC sells commemorative coins
Elon Musk's pickup line
A type of fund-raising option for companies
Silk Street
Silk Road
Lace Place
3600
2200 Except of leap year
7200
Every 3 months
Every 3 Minutes
Every 10 Minutes
The value of traditional currency is guaranteed against inflation while that of cryptocurrency is not
Traditional currency is backed by a government while cryptocurrency is not
You can't make it rain with cryptocurrency
Disruptive record-keeping technology that powers Bitcoin
A chain of computers used to mine for Bitcoin
An old video rental company
True
False
Follows nouns
Prevents double spending
A hash function
Washington DC
Undisclosed Location
None
A Hash point
Transaction data
Both