Blockchain and Cryptocurrency Basics

Blockchain and Cryptocurrency Basics

Assessment

Flashcard

Computers

12th Grade

Easy

Created by

Ann Marie Cady

Used 2+ times

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Blockchain

Back

A decentralized digital ledger that records transactions across many computers.

2.

FLASHCARD QUESTION

Front

Bitcoin

Back

The first and most well-known cryptocurrency, created by an unknown person or group using the name Satoshi Nakamoto.

3.

FLASHCARD QUESTION

Front

Mining

Back

The process of using computer power to solve complex mathematical problems to validate transactions and add them to the blockchain.

4.

FLASHCARD QUESTION

Front

Wallet

Back

A digital tool that allows users to store and manage their cryptocurrency.

5.

FLASHCARD QUESTION

Front

Dogecoin

Back

A cryptocurrency that started as a meme but has gained popularity and value.

6.

FLASHCARD QUESTION

Front

Smart Contract

Back

Self-executing contracts with the terms of the agreement directly written into code.

7.

FLASHCARD QUESTION

Front

Decentralization

Back

The distribution of authority, functions, and processes away from a central location or authority.

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