Understanding Cryptocurrency and Blockchain

Understanding Cryptocurrency and Blockchain

Assessment

Interactive Video

Computers

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of cryptocurrency that differentiates it from traditional currency?

It is only used for illegal activities.

It operates on a decentralized network.

It is controlled by a central bank.

It is backed by gold reserves.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are transactions verified on a blockchain?

By manually checking each transaction.

Through a government agency.

Through a network of computers solving complex problems.

By a single central authority.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do miners play in the blockchain network?

They solve complex problems to verify transactions.

They store all the data on the blockchain.

They regulate the price of cryptocurrencies.

They create new cryptocurrencies.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a factor that can increase the value of a cryptocurrency like Bitcoin?

Decreasing market interest.

Finite supply and increasing demand.

Government regulation.

Unlimited supply of coins.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Dogecoin see a significant increase in value?

It had a limited supply like Bitcoin.

It was backed by a major financial institution.

It gained massive market interest.

It was used as a primary currency in a country.