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Understanding Bitcoin Mathematics

Authored by Magdalena Kacprzak

Computers

7th Grade

Understanding Bitcoin Mathematics
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum supply of Bitcoin?

21 million

18 million

20 million

25 million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many decimal places can Bitcoin be divided into?

10

8

5

2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the process of verifying Bitcoin transactions?

Hoarding

Mining

Trading

Staking

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current reward for mining a block of Bitcoin?

5 BTC

12.5 BTC

10 BTC

6.25 BTC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often does the Bitcoin network adjust its difficulty?

Every 2500 blocks

Every 1000 blocks

Every 2016 blocks

Every 500 blocks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the digital ledger that records all Bitcoin transactions?

wallet

ledger

blockchain

database

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many Bitcoins are created approximately every 10 minutes?

6.25 Bitcoins

10 Bitcoins

2.5 Bitcoins

5 Bitcoins

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