Cryptocurrency Quiz

Cryptocurrency Quiz

20 Qs

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Cryptocurrency Quiz

Cryptocurrency Quiz

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Elena Stroud

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is cryptocurrency?

A physical form of currency
A digital or virtual currency secured by cryptography
A government-issued currency
A type of stock

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

How are cryptocurrencies different from traditional currencies?

Cryptocurrencies are physical objects like coins or banknotes
Cryptocurrencies are issued and regulated by governments or central banks
Cryptocurrencies can be used globally and instantly without intermediaries
Cryptocurrencies have no security or privacy features

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When was the first decentralized cryptocurrency created?

1990
2005
2009
2015

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Who is the creator of Bitcoin?

Satoshi Nakamoto
Bill Gates
Mark Zuckerberg
Elon Musk

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the main feature of a decentralized economic system?

State or government makes economic decisions
Decision-making is distributed amongst various economic agents
Market participants have no control over their financial transactions
Central recordkeeping of digital currency transactions

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a blockchain?

A centralized, regulated ledger of cryptocurrency transactions
A digital wallet for storing cryptocurrencies
A decentralized public ledger of cryptocurrency transactions
A platform for buying and selling cryptocurrencies

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the process of verifying and adding transactions to the blockchain called?

Mining
Trading
Wallets
Exchanges

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