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Block Chain Quiz

Authored by Mohammed Aly

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University

Used 13+ times

Block Chain Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What year was bitcoin created?

2010

2014

2005

2009

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first transaction involving physical goods was paid on the 22nd May 2010, by transacting 10 000 BTC in exchange of _______

Two pizzas delivered by Papa John's

Two pizzas delivered by Pizza Hut

BMW 3 series

Property in Las Vegas

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a Blockchain, what validates a transaction and the user's known status using known algorithms ?

Nodes

Hash

Nonce

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a pro of bitcoin and other cryptocurrencies?

User anonymity

Accessibility

Speed and performance

High potential return

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a Blockchain component?

Ledger

Wallet

Certificate of Ownership

Nodes

6.

MULTIPLE SELECT QUESTION

20 sec • 2 pts

What are the possible cons of bitcoin? (select all that apply)

High volatility

User anonymity

Limited use

Transparency

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There are no ethical issues with the use of cryptocurrency because it is transparent and secure.

True

False

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