Understanding Cryptocurrency Types
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1st Grade
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is cryptocurrency?
Cryptocurrency is a physical coin used for transactions.
Cryptocurrency is a type of stock traded on the stock market.
Cryptocurrency is a government-issued currency that is regulated by banks.
Cryptocurrency is a digital currency that uses cryptography and operates on a decentralized network.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can you name a type of cryptocurrency?
Ethereum Classic
Ripple
Litecoin
Bitcoin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Bitcoin?
Bitcoin is a decentralized digital currency.
Bitcoin is a type of stock investment.
Bitcoin is a government-issued currency.
Bitcoin is a physical currency.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Ethereum?
Ethereum is a centralized banking system.
Ethereum is a type of cryptocurrency.
Ethereum is a social media platform.
Ethereum is a decentralized blockchain platform for smart contracts and dApps.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do people use cryptocurrencies?
People use cryptocurrencies for decentralization, investment, privacy, lower fees, and ease of transactions.
To avoid paying taxes
To support government regulations
To purchase traditional stocks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much parts has cryptocoin?
2
3
6
4
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