
Blockchain and Cryptocurrency Knowledge

Quiz
•
Computers
•
12th Grade
•
Hard
Cristina O
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a smart contract?
A self-executing contract with terms written into code.
A physical document signed by parties.
A verbal agreement between parties.
A type of cryptocurrency.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of decentralized finance (DeFi)?
DeFi primarily focuses on utilizing traditional financial institutions.
Decentralized finance (DeFi) aims to provide financial services without relying on centralized intermediaries.
Decentralized finance (DeFi) has no specific focus and operates in a random manner.
Traditional financial institutions are the main focus of DeFi operations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Non-Fungible Tokens (NFTs) and how do they differ from cryptocurrencies?
NFTs are unique digital assets representing ownership of specific items, while cryptocurrencies are fungible digital currencies.
NFTs are interchangeable digital assets like cryptocurrencies.
NFTs are physical assets, while cryptocurrencies are digital assets.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does blockchain technology ensure security and transparency in transactions?
Blockchain technology relies on a single centralized authority to verify transactions
Blockchain technology allows any user to modify past transactions without detection
Blockchain technology uses cryptographic techniques to create a decentralized and immutable ledger, where transactions are verified by multiple nodes in the network, ensuring security and transparency.
Blockchain technology encrypts all transaction data, making it impossible to verify
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of cryptocurrency in the blockchain ecosystem?
Cryptocurrency facilitates transactions and incentivizes network participants within the blockchain ecosystem.
Cryptocurrency is used for data storage in the blockchain ecosystem.
Cryptocurrency is responsible for maintaining physical servers in the blockchain ecosystem.
Cryptocurrency is used for marketing purposes within the blockchain ecosystem.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Real-world use case of blockchain technology
Supply chain management
Cryptocurrency mining
Weather forecasting
Online shopping
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What programming language is commonly used to write smart contracts?
Solidity
Java
C++
Python
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