Cryptocurrency Quiz

What is Bitcoin often referred to as?

• A traditional bank

• A decentralized digital currency

• A government-issued currency

• A physical coin

Who created Bitcoin?

• Steve Jobs

• Elon Musk

• Satoshi Nakamoto

• Mark Zuckerberg

Bitcoin operates on a technology called:

• Internet

• Blockchain

• Cloud computing

• Artificial Intelligence

What makes Bitcoin different from traditional currency?

• It's backed by gold

• It's managed by banks

• It's decentralized

• It requires a license to own

What is the main benefit of using Bitcoin?

• High regulation by governments

• Faster transactions without intermediaries

• Guaranteed increase in value

• Easily converted to gold

Bitcoin transactions are recorded on:

• A private server

• Individual computers

• A shared public ledger

• The Federal Reserve

Which characteristic of Bitcoin appeals to people seeking privacy?

• Complete anonymity in all transactions

• No need for identification verification

• It's managed by banks

• It has no transaction fees

What limits Bitcoin's supply?

• Government regulations

• A fixed supply set by its code

• Mining difficulty

• Global demand

Why do some people view Bitcoin as 'digital gold'?

• Its value is stable

• Its value can fluctuate but is seen as a store of value

• It's issued by the government

• It's similar to gold in color

What does the decentralized nature of Bitcoin mean?

• It's controlled by one large bank

• No single entity manages it

• It's backed by gold reserves

• It only exists in certain countries