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All About Bitcoin!

Authored by Darla Bezmutko

Fun

12th Grade

Used 3+ times

All About Bitcoin!
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11 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many Bitcoin can ever exist?

One hundred thousand

Twenty one million

Eighty four million

Twenty million

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What Is A Bitcoin Wallet?

It is a regular flash drive with a particular key on it

It is a physical wallet to store bitcoin

It is a physical wallet to store transaction receipts

It is software

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who Invented Bitcoin?

A group of researchers

An anonymous person who took the pseudonym of Roy Rodgers

PayPal founders

An anonymous person who took the pseudonym of Satoshi Nakamoto

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How Is The Price Of Bitcoin Determined?

Through supply and demand across multiple Bitcoin exchanges

Determined by the developers of Bitcoin

Determined by the demand for transactions at the moment

Through an automatic system

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What Is A Bitcoin Address?

An identifier of a Bitcoin user in the system

A synonym for a transaction

A string of letters and numbers used to receive funds

The address at which your funds are being sent to

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a private key?

A password to your wallet

A string of letters and numbers used to sign transactions

A string of letters and numbers needed to send Bitcoin

A string of letters and numbers needed to receive bitcoin

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What's a seed?

Same as a private key

Sequence of words used as a password for the wallet

Sequence of words used so a private key can be (re) generated

What miners get when mining for Bitcoin

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