Post Test Quiz

Cryptocurrency is made of these components, except:

• Blockchain

• Cryptowallet

• Credential

• Cryptomining

What is a seed phrase in cryptowallet?

• A cryptowallet that link to the mobile phone or any device

• A authentication platform to verify the cryptowallet application

• A password to lock the cryptowallet address

• Several random words to generate and recover the acount

What is the difference between unhosted wallets and hosted wallets?

• Seed phrase of unhosted wallet is kept by the user.

• A hosted wallet priorities privacy compared to unhosted wallet.

• Unhosted wallet is managed by third-party

• Hosted wallets are more decentralized compared to unhosted wallets

A transaction fee is applied to each transaction. Where does the transaction fee go?

• To the sender

• To the receiver

• To the miner

• To the developer

In a cryptocurrency transaction, who pays for the transaction fee?

• Sender

• Receiver

• Miner

• Validator

Which of the following is the platform to buy/sell the cryptocurrency?

• Banks

• Peer-to-Peer (P2P)

• Money exchanger

• E-Wallet

Which of the following is stablecoin?

• Bitcoin (BTC)

• Tether (USDT)

• Ethereum (ETH)

• Litecoin (LTC)

When transferring USDT that runs on TRC-20 network, the fee is paid in which currency?

• USD

• USDT

• TRON

• BNB

Why is it so important that cryptocurrency is transferred to a government Controlled Wallet at crime scene?

• To preserve its value

• To prevent suspect from accessing it

• To prove in court of the seizing process

• To show its ownership

A suspect's cryptowallet has the following cryptocurrencies. Which cryptocurrency need to be transferred last?

• Ethereum (ETH)

• DAI (DAI)

• Tether (USDT)

• Shiba Inu (SHIB)