Assessment 1

What is Bitcoin?

• an online wallet

• a ledger of transaction

• a digital currency

• a gold

Who invented Bitcoin?

• Vitalik Buterin

• Satoshi Nakamoto

• Mark Zuckerberg

• Jaded McCaleb

When was Bitcoin network created?

• 31 October 2008

• 18 August 2008

• 12 January 2009

• 3 January 2009

What is the title of the White Paper Nakamoto released in 2008?

• Bitcoin: A Peer-to-Peer Electronic Cash System

• Bitcoin: A Peer-to-Peer Electronic Money System

• Bitcoin: A Peer-to-Peer Digital Cash System

• Bitcoin: A Peer-to-Peer Future Cash System

What is the supply limit of Bitcoin?

• 21,000,000,000

• 21,000,000

• 21,000

• 21

In actuality, the final bitcoin is unlikely to be mined until around which year?

• 2041

• 2410

• 2025

• 2140

When bitcoin was first launched in 2009, miners used to earn 50 BTC as rewards for processing per block. After the first halving, the reward was reduced to 25 BTC, then to 12.5 BTC. How many is the bitcoin rewards right now?

• 5.5

• 4.5

• 6.5

• 7.5

What is the process of creating new bitcoins popularly known as?

• Finding

• Mining

• Sourcing

• Panning

Where is the bitcoin central server located?

• Washington DC

• Undisclosed Location

• London

• None of these

What is the name of the famous Bitcoin exchange from Japan that collapsed in 2014?

• Blockchain.info

• Tradehill

• Mt. Gox

• Bitstamp