Cryptocurrency Bitcoin Quiz

What is the main difference between cryptocurrency and physical money?

• Cryptocurrency is government-issued, physical money is not

• Cryptocurrency exists only online, physical money exists in the real world

• Cryptocurrency is decentralized, physical money is centralized

• Cryptocurrency is anonymous, physical money is not

What is the function of a blockchain in the Bitcoin system?

• To mine new Bitcoins

• To record and verify transactions

• To identify the users of Bitcoin

• To regulate the value of Bitcoin

What is the role of Bitcoin miners in the system?

• To regulate the value of Bitcoin

• To verify and record transactions

• To manage the Bitcoin ledger

• To create new Bitcoins

How are miners rewarded for their work in the Bitcoin system?

• With Bitcoin

• With shares in the Bitcoin company

• With gold or precious metals

• With government-issued currency

What is the purpose of solving a math puzzle in Bitcoin mining?

• To identify the users of Bitcoin

• To regulate the value of Bitcoin

• To verify the authenticity of a transaction

• To create new Bitcoins

What is the main incentive for miners to continue auditing Bitcoin transactions?

• To earn a salary from the Bitcoin company

• To receive government support

• To maintain the security of the system

• To gain control over Bitcoin