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Cryptocurrency

Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.

What is the production of cryptocurrency called?
1. Makeup
2. Fabrication
3. Mining
4. None of these


What is blockchain?
1. Cryptocurrency value data
2. A secret database by which the owners of the cryptocurrency manage it
3. A sequential chain of blocks containing information
4. None of these


What technology is the cryptocurrency based on?
1. Blockchain
2. Photometrics
3. Cryptanalysis
4. None of these


In what form can cryptocurrency be stored?
1. As information on the user's electronic wallet and an encrypted copy on a central cryptocurrency server
2. In the form of gold coins
3. As encrypted information in a chain of computers
4. None of these


What is cryptocurrency?
1. Encrypted currency of a certain state
2. A type of digital currency
3. Hackers' secret money
4. None of these


The key feature of cryptocurrency functioning?
1. Reliability backed by gold
2. The fact that it is based on ancient knowledge
3. Absence of any internal or external administrator
4. None of these


What interesting thing happened to one of the first bitcoin miners, James Howells?
1. He produced several thousand bitcoins and donated them to a homeless charity.
2. He produced over 7,000 bitcoins, but then deemed them useless and threw his hard drive in a landfill along with his broken laptop.
3. He created 80,000 bitcoins in just one week and is now one of the richest people.
4. None of these


What makes cryptocurrency secure?
1. Servers
2. Cryptograpgic math
3. Government Banks
4. Insurance companies


What is the maximum amount of bitcoin that will ever be created?
1. 21 million
2. infinity, because there is no limit
3. Nobody knows
4. Bitcoin isn't real, so none will ever exist


Where do you store your cryptocurrency?
1. Hardware/ software wallet
2. Bank Account
3. Floppy Disk
4. In your pocket

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