WorksheetsBitcoin Basics
Total questions: 10
Worksheet time: 5mins
Bitcoin is:
A type of digital money
A blockchain network of computers
A platform for building financial services
All of the above
Bitcoin's white paper, the document that explains what it is and how it works, was released on what date:
July 4, 2009
January 1, 2009
October 31, 2008
December 25, 2008
Bitcoin's genesis block (the start of the network) date was:
January 3, 2009
March 15, 2009
April 1, 2009
May 2, 2009
Satoshi Nakamoto is:
A Japanese cryptocurrency mining company.
An anime character.
A pseudonym for the inventor of Bitcoin
An MIT professor who created a blockchain
Which is not a characteristic of Bitcoin?
It is decentralized & distributed.
It is open & borderless.
It is trustless & public.
It is centralized & private.
Which fact is true about Bitcoin?
The lowest denomination, .000000001, is called a satoshi.
If you have a computer, you can make bitcoin with computer software.
Bitcoin is the only cryptocurrency.
Bitcoin is a corporation.
Why would people use Bitcoin?
Remittance: To send money across borders.
To save as a store value because Bitcoin has a history of increasing in value.
To build a financial services platform on top of Bitcoin's blockchain; fungible with Bitcoin.
All of the above.
What is the total supply of whole Bitcoin?
21 million
31 million
110 trillion
The supply is unlimited.
What does the Bitcoin blockchain do?
It provides security between financial transactions of Bitcoin.
It keeps a publicly viewable record of Bitcoin transactions.
It validates and executes Bitcoin transactions.
All of the above.
As of 2021, which major company does not/did not accept Bitcoin as payment for a product/service?
Burger King
Starbuck's
KFC
Pizza Hut
