Cryptocurrency and Bitcoin Quiz

What is the total value of all the world's money?

• $150 trillion

• $120 trillion

• $100 trillion

• $50 trillion

What is the main advantage of using Bitcoin for international transactions?

• Easier to use

• Lower fees

• Faster processing time

• More secure

What is the main reason for the decreasing supply of Bitcoins?

• Mining difficulties

• Regulatory restrictions

• Decreasing demand

• Halving of mining rewards

What is the main advantage of a limited supply of Bitcoins compared to traditional currencies?

• Government backing

• Stability

• Inflation control

• Higher liquidity

What is the main reason for the high demand for cryptocurrencies in unfree countries?

• Ease of use

• Anonymity

• Financial stability

• Government support

What is the main reason for the legal status of cryptocurrencies in free countries?

• Financial instability

• Permissiveness

• Government control

• Regulatory restrictions

What is the main criticism of Bitcoin as a payment system?

• Lack of security

• Slow processing time

• Limited availability

• High fees

What is the main advantage of the blockchain in uncovering crimes?

• Anonymity

• Transparency

• Decentralization

• Complexity

What is the main reason for the use of Bitcoin by women in Afghanistan?

• Ease of use

• Financial independence

• Government support

• Anonymity

The very first cryptocurrency. It was created in 2008 by an individual or group of individuals operating under the name Satoshi Nakamoto. It was intended to be a peer-to-peer, decentralized electronic cash system.

• Crytocurrency

• Altcoins

• Blockchain

• Bitcoin