cryptocurrency quiz 9
- Ethereum is the world's second largest cryptocurrency.
- The cryptocurrency world even has its own holidays – Bitcoin pizza day, celebrated each year on May 22, being the most famous example. What important event took place on May 22, 2010?
- Blockchain could have potential applications far beyond cryptocurrency.
- Which of these US states introduced the BitLicense regulation for cryptocurrency companies?
- The basic trade-off for investors of buying into an ICO is:
- Moving on to the darker pages of Bitcoin’s history, its ecosystem has suffered many losses due to security breaches over the years. Which of these constituted the largest loss so far?
- Currencies are usually divisible into smaller units for ease of use. Everyone knows the smallest monetary unit of the U.S. is a cent. What is the smallest unit of Bitcoin called?
- Bitcoin is completely private and anonymous.
- Ethereum is different from Bitcoin because
- ICOs can be great deals for the companies that use them because:
- Because Bitcoin is a digital-only cryptocurrency, you can’t use it to buy goods or services with any traditional businesses.
- How is the price of Bitcoin determined?
- Cryptocurrencies are built on decentralized networks and based on blockchain technology.
- When categorising cryptocurrencies, Bitcoin, Litecoin and Digibyte are all types of payment coins.
- Cryptocurrencies are famous for their volatility, and the largest one is no exception. But which year was the LEAST volatile period in Bitcoin’s history so far?
True
False
A pizzeria became the first ever company to start accepting Bitcoin as payment
The first documented purchase of goods with Bitcoin
World’s largest pizza was made and sold for Bitcoin in Italy
True
False
California
Texas
New York
Whether to buy a Model S or Model X Tesla with their profits
The chance to make a lot of money versus the chance of losing all their invested money
Whether to diversify among different ICOs or make a concentrated bet on just one
Bitfinex hack
Coincheck hack
Mt.Gox collapse
Millibit
Satoshi
Finney
True
False
It is not decentralized
It hosts decentralized applications and smart contracts
It is not based on blockchain technology
The federal government regulates them heavily
Companies generally don't have to give up any ownership or control
They come with a free tote bag
True
False
It’s matched to the price of a gold
Bitcoin developers control the price
Based on its supply and market demand across a number of exchanges
False
True
True
False
2010
2016
2015