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Block Chain, Crypto Currencies and Bitcoin

Total questions: 10

Worksheet time: 17mins

Name
Class
Date
1.

What is a continuously growing list of records which are linked and secured using cryptography?

a)

a chain

b)

a block

c)

a blockchain

d)

a cryptocurrency

2.

Which of the following is popularly used for storing bitcoins?

a)

pocket

b)

wallet

c)

box

d)

stack

3.

What does the block in the blockchain consist of?

a)

Transaction data

b)

A Hash point

c)

A Timestamp

d)

all of these

4.

All blocks contain a link to the previous block, except for:

a)

Block number 24601.

b)

First block

c)

thethird block

d)

The second block.

5.

This person invented Bitcoin.

a)

Donald Trump

b)

Sung Sam

c)

Satoshi Nakamoto

d)

Elon Musk

6.
Bitcoins are created when a computer...
a)
solves an algorithm
b)
sells dollars
c)
adds a node to the crypto
7.
What is the name of the general ledger that tracks all bitcoin transactions?
a)
The Block Chain
b)
The Gox Chain
c)
Ledger Link
d)
Satoshi Square
8.

Which is the Safest ledger?

a)

Centralized Ledger

b)

Decentralized Ledger

c)

Distributed Ledger

d)

Genral Ledger

9.

How long does it take to mine a bitcoin?

a)

100 Minutes

b)

1200 Minutes

c)

10 Minutes

d)

1/10th of a hour

10.

"New bitcoins are generated by a competitive and decentralized process called "mining"." (Just for Information you can write whatever you want in the box you will get it right!)

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