Bitcoin Basics

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

• True

• False

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

• True

• False

Bitcoins are stored in a public ledger called the blockchain.

• True

• False

The price of Bitcoin behaves according to ...

• Offer and demand

• The central bank's decision

• The owner's decision

• News

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.

Bitcoin derives value through which method?

• Collapse of national banks
• Insider dealing
• Scarcity
• ETF trading

What is the current Bitcoin block reward?

• 50 BTC

• 25 BTC

• 12.5 BTC

• 6.25 BTC

The process of encrypting and decrypting information.

• Decentralized Application

• Cryptocurrency

• Block

• Cryptography

What happens to your money during a period of "inflation"?

• Inflation increases the value of currency over time.

• Inflation decreases the value of currency over time.

What is the closest to the current value of Bitcoin as of 9/21/2021

• 20,000

• 30,000

• 40,000

• 50,000