Blockchain and Cryptocurrency Knowledge

Blockchain and Cryptocurrency Knowledge

12th Grade

15 Qs

quiz-placeholder

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Blockchain and Cryptocurrency Knowledge

Blockchain and Cryptocurrency Knowledge

Assessment

Quiz

Computers

12th Grade

Practice Problem

Hard

Created by

Cristina O

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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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