Digital Currency
Quiz
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Other
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10th Grade
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Practice Problem
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Isaac Choong
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the term used to describe a digital representation of value that is not issued or controlled by any central authority?
Cryptocurrency
Digital asset
Virtual currency
Electronic money
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which technology is the foundation of cryptocurrencies like Bitcoin?
Artificial Intelligence
Blockchain
Virtual Reality
Cloud Computing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of encryption in cryptocurrency transactions?
To prevent unauthorized access
To increase transaction speed
To reduce transaction fees
To verify the identity of the sender
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a decentralized cryptocurrency?
Controlled by a central bank
Requires physical storage
Operates on a peer-to-peer network
Can be converted to physical cash
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cryptocurrency was the first to be introduced?
Bitcoin
Ethereum
Litecoin
Ripple
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process called through which new bitcoins are created and transactions are verified?
Minting
Trading
Investing
Mining
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of a digital wallet in cryptocurrency transactions?
Storing physical coins and notes
Authenticating transactions on the blockchain
Sending and receiving cryptocurrencies
Verifying the identity of the sender
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