Bitcoin Basics

Bitcoin Basics

KG - Professional Development

10 Qs

quiz-placeholder

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Bitcoin Basics

Bitcoin Basics

Assessment

Quiz

Social Studies

KG - Professional Development

Hard

Created by

Jeremiah r

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Bitcoin has a fixed supply that is limited to a total of 12 million units or bitcoins.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Bitcoin was created by Satashi Nakamoto, who is currently the CEO of bitcoin.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Bitcoins are stored in a public ledger called the blockchain.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price of Bitcoin behaves according to ...

Offer and demand

The central bank's decision

The owner's decision

News

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How to get Bitcoins?

Commercial banks and exchange between users

Stealing from the creator

Bitcoin stores, mining and at an exchange house

Exchange between users, Bitcoin stores and mining.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bitcoin derives value through which method?

Collapse of national banks
Insider dealing
Scarcity
ETF trading

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current Bitcoin block reward?

50 BTC

25 BTC

12.5 BTC

6.25 BTC

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