Lesson 1: Introduction to cryptocurrencies

How are you?

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What do you remember first thinking of cryptocurrencies?

What is a Cryptocurrency?

• A type of digital or virtual currency that uses cryptography for security

• A new form of physical currency like paper money

• A digital platform for creating art

• An online banking system

Which technology is most associated with cryptocurrencies?

• Artificial Intelligencе

• Quantum Computing

• Blockchain Technology

• Virtual Reality

How many transactions are in one block of blockchain?

• 2000

• 200

• 10

• 100

What was the first cryptocurrency?

• Ethereum

• Bitcoin

• Litecoin

• Ripple

What happens during a Bitcoin halving event?

• The price of Bitcoin doubles

• The reward for Bitcoin miners is halved

• The number of Bitcoin transactions is halved

• The speed of Bitcoin transactions is halved

What is a red flag for not investing in a particular cryptocurrency?

• Financial bubble

• Financial pyramid

• Both

• None

What is a 'wallet' in cryptocurrency terms?

• A physical wallet for keeping paper money

• A software program that stores private and public keys and interacts with various blockchains

• A type of cryptocurrency

• An online store for buying cryptocurrencies

How do cryptocurrencies differ from traditional bank transactions?

• Cryptocurrencies transactions are always free

• They are governed by a centralized authority like a bank

• Cryptocurrency transactions are decentralized and recorded on a blockchain

• Cryptocurrencies can only be used for international transactions