Cryptocurrency Basics

Cryptocurrency Basics

7th Grade - University

8 Qs

quiz-placeholder

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Cryptocurrency Basics

Cryptocurrency Basics

Assessment

Quiz

Computers

7th Grade - University

Medium

Created by

David Jonathan Alford

Used 46+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is cryptography?

The study/science of maps

The study/science of money

The study/science of scrambling data into code

The study/science of burial chambers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a transaction?

A transfer of currency from one person/organisation to another

When someone mines a new bitcoin

Encrypting data with an organisation's public key

Moving house from one country to another

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not a cryptocurrency?

Rugbycoin

Dogecoin

Ethereum

Bitcoin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a ledger?

A list of financial transactions

A shelf outside a window

An encryption algorithm

When a baseball is hit more than 200 yards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Bitcoin, what is a block?

A group of transactions to be added to the blockchain

A digital wallet to store your bitcoins

When a country prevents use of bitcoins

When a criminal uses bitcoin to undertake the purchase of illegal goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Bitcoin, what is the blockchain?

The ledger of all bitcoin transactions

A list to criminals banned from using bitcoins

A list of countries that do not allow use of bitcoins

An encryption algorithm

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a computer mine a bitcoin?

Successfully generate a hash so that the block can be added to the blockchain

Successfully decrypt a block

Steve uses the diamond pickaxe

Successfully determine the origin of a trnasaction

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is mining bitcoin bad for the environment?

It prevents people from using traditional money

The mining equipment uses a lot of electricity, which may come from fossil fuels that harm the ecosystem

It helps criminals to cover their tracks

It leaves large holes in the landscape where the mines have been