Blockchain & Cryptocurrency

Blockchain is a type of technology that stores data in the form of blocks.

• True

• False

What makes blockchain technology secure?

• Consensus algorithms

• Decentralization

• Immutability

• Cryptography

• 
  All of the above

Blockchain provides many advantages over conventional methods of transactions and record-keeping, such as

• Speed

• 
  Security

• Cost-effectiveness

• All of the above

Bitcoin uses a Proof of Work consensus algorithm

• True

• False

A blockchain is "append-only", meaning that new data can be added, but existing data can't be altered or deleted

• True

• False

Which of the following are crypto assets?

• Cryptocurrency

• Non-fungible Tokens (NFT)

• Utility Tokens

• All of the above

Which statement best describes cryptocurrency?

• Illegal Coins used by hackers

• A decentralized virtual currency secured by cryptography

• Money that you print at home before going shopping

• None of the above

Which of the following network types use “mining” to validate transactions?

• Proof of Work

• Proof of Stake

This type of scam involves using email, phone, or text to entice individuals into providing sensitive information.

• Romance

• Phishing

• ICO Scam

• Loader Scam

Which of the following regulates crypto in the UK?

• The Financial Conduct Authority (FCA)

• The Financial Ombudsman Service (FOS)

• The Financial Services Compensation Scheme (FSCS)

• All of the above

• None of the above