Learn Trading And Investing - Stocks, Forex And Cryptocurrency

Quiz

cryptocurrency quiz 8

1. All units of cryptocurrency are stored in wallets.
True
False
2. 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
3. What is the name of the famous Bitcoin exchange from Japan that collapsed in 2014?
Blockchain.info
Mt. Gox
Tradehill
4. What does a ledger in blockchain does?
Mapping between owner and object
Identification of owners
Identification of objects owned
5. What is the term for when a blockchain splits?
A sidechain
A merger
A fork
6. 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
7. Bitcoin Is stored in bank accounts.
False
True
8. NFT stands for:
Node Forex Transaction
Non-Fungible Token
Not Finished Talking
9. Ethereum is a decentralized application
True
False
10. What is the name of the first academic paper that describes bitcoin commonly referred to as?
The Bitcoin Whitepaper
The origins of money
The great unrevealing
11. You can’t buy a fraction of a Bitcoin.
True
False
12. A blockchain is a national bank database.
False
True
13. Bitcoin relies on blockchain technology to operate.
True
False
14. The big innovation of Blockchain is:
Creating artificially intelligent robots that can defraud the government
Creating a highly secure way of storing information
Creating VR bankruptcy
15. There were several early attempts at creating a peer-to-peer internet currency before Bitcoin. Which of the following projects has NOT been tried?
Bit Gold
B-money
E-silver