Bitcoin

Bitcoin

9th - 12th Grade

10 Qs

quiz-placeholder

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Bitcoin

Bitcoin

Assessment

Interactive Video

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Stephanie Hickey

Used 9+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What makes Bitcoin different from traditional currencies?

It is backed by gold.

It is controlled by a single authority.

It has unlimited supply.

It operates independently of traditional financial systems.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required to start accepting Bitcoin payments?

A miner's license

A software wallet

A physical wallet

A government permit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you need to make a new Bitcoin transaction?

A bank account

A physical wallet

A new Bitcoin address

A new email address

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the security of a Bitcoin transaction verified?

With a physical ID

Through a phone call verification

Using digital signatures

By a central bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Bitcoin network prevent double-spending?

By limiting transactions

Through email verification

By using a central database

With the blockchain

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of mining in the Bitcoin network?

Creating new bitcoins

Verifying transactions

Both creating new bitcoins and verifying transactions

Storing bitcoins

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What incentivizes miners to process Bitcoin transactions?

Both transaction fees and new bitcoins

A certificate of appreciation

Transaction fees

New bitcoins

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