Summative 1 Crypto currency

Summative 1 Crypto currency

11th Grade

32 Qs

quiz-placeholder

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Summative 1 Crypto currency

Summative 1 Crypto currency

Assessment

Quiz

Information Technology (IT)

11th Grade

Easy

Created by

Solomon Abalaka

Used 1+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is Bitcoin?

A cloud-based service that hosts blockchain nodes

A decentralized digital currency

A digital crypto wallet

A hardware crypto wallet

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who is the creator of Bitcoin?

Ryuichi Sakamoto

Satoshi Nakamoto

Akira Toriyama

Masashi Kishimoto

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does NFT mean?

Nonfungible Token

New Financial Trend

National Finance Technology

New Financial Art

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Ethereum?

A DEX (decentralized exchange)

A DAO (decentralized autonomous organization)

A layer-2 network that executes on the Bitcoin blockchain

A blockchain network that can run smart contracts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is MetaMask?

The main cryptocurrency used in the Metaverse

A cryptocurrency created by Meta (Facebook)

A new social media platform that runs on the blockchain

A browser extension that serves as a cryptocurrency wallet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is an NFT (non-fungible token)?

An NFT is a paper asset that represents real-world objects like art, music, in-game items and videos.

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos.

An NFT is an imaginary asset that represents real-world objects like art, music, in-game items and videos.

An NFT is a fake asset that represents real-world objects like art, music, in-game items and videos.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a Decentralized Exchange?

Decentralized exchanges are regulated, need licenses to operate, and are compliant with the regulatory authorities.

Centralized exchanges are unregulated, don't need licenses to operate, and are non-compliant with the regulatory authorities.

This is a peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over management of their funds to an intermediary or custodian.

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