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Arena Games x Tangem QUIZ

Authored by Tinatin Beradze

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Arena Games x Tangem QUIZ
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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1. What is the process of verifying cryptocurrency transactions and adding them to the blockchain called?

Encryption

Decentralization

Mining

Central Ledger

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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2. What is a "block" in a blockchain?

A file that stores personal information of users.

A block is a collection of data or transactions that are added to the blockchain

A physical device used to store blockchain data

A computer program that manages the entire blockchain network

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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3. Which cryptocurrency was the first to use blockchain technology?

Etherium

Bitcoin

Solana

BNB

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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4. What does the term "decentralization" mean in the context of blockchain?

It refers to reducing the size of data blocks in the blockchain

It means that the network is not controlled by a single central authority

It means that all data is stored in a single central database

It means that only one central authority controls the entire blockchain network

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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5. What is a "hash" in blockchain?

A method for encrypting and decrypting private keys

Hash is the place where users information is stored

A type of cryptocurrency used within the blockchain network

Hash is a function that converts an input (or 'message') into a fixed-length string of bytes, typically used to secure transactions

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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6. Who is the creator of Bitcoin?

Elon Musk

Changpeng Zhao

Barry Silbert

Satoshi Nakamoto

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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7. What is the main advantage of using blockchain technology?

Speed , Availability , Security

Decentralization , Availability , Speed

Security , Decentralization , Availability

Transparency, Security, Decentralization

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