Cryptocurrency

Satoshi Nakamoto created this cryptocurrency

• Ethereum

• Bitcoin

• Litecoin

• XRP

Bitcoin was launched in

• 2018

• 2015

• 2011

• 2009

A blockchain is secured by

• PIN code

• 'hash' code

• password

• login

Bitcoin derives value through which method?

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

The computers that process transactions for the bitcoin network are commonly called

• GPU
• Bitcoin Foundation Member Units
• Miners
• Truckers

What is the name of the general ledger that tracks all bitcoin transactions?

• The Block Chain
• The Gox Chain
• Ledger Link
• Satoshi Square

What is a fiat currency?

• Currency backed by a gold standard

• A currency used to purchase a car

• A currency backed by a physical commodity

• A currency that is declared a currency by the government, although not backed by a physical commodity

What does the block in the blockchain consist of?

• Transaction data

• A Hash point

• A Timestamp

• all of these

How many Bitcoins will

there ever be?

• 21 million in 2140

• 21 million in 2020

• 14 million 2015

• 23 million in 2140

How does one acquire

bitcoins?

• As payment for goods or

  services.

• Purchase bitcoins at a

  Bitcoin exchange.

• Exchange bitcoins with

  someone near you.

• Earn bitcoins through

  competitive bitcoin mining.

• all of the above