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CRYPTO QUIZ 2022 (TULDOK)

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Investors who actively hold onto, or lock up their crypto holdings in their crypto wallet are participating in these networks' consensus-taking processes.

a)

BIDDING

b)

STAKING

c)

BURNING

d)

HOLDING

2.

The pseudonymous creator of Bitcoin.

a)

Xatoshi Nakomoto

b)

Shatoshi Nokomoto

c)

Hatoshi Nokooto

d)

Satoshi Nakomoto

3.

The process whereby new cryptocurrency coins are made available and the log of transactions between users is maintained.

a)

Holding

b)

Mining

c)

Minting

d)

Dancing

4.

A computer that connects to a blockchain network.

a)

Internet

b)

Node

c)

Cable Wire

d)

Chain

5.

The encrypted code that allows direct access to your cryptocurrency. Like your bank account password, you should never share it.

a)

Private Key

b)

Public Key

c)

Secret Key

d)

Token Code

6.

Your wallet’s address, which is similar to your bank account number. You can share your _______ wallet with people or institutions so they can send you money or take money from your account when you authorize it.

a)

Private Key

b)

Public Key

c)

Secret Key

d)

Token Code

7.

Where do you store cryptocurrency?

a)

Blockchain

b)

Chain Wallet

c)

Private Keys

d)

Public Keys

8.

How many Bitcoins are currently active?

a)

All of Them

b)

64%

c)

36%

d)

0

9.

How is cryptocurrency treated by the IRS?

a)

Digital Nothing

b)

As an illegal asset they could seize

c)

As property subject to capital gains tax

d)

They don’t know about it

10.

What is a Proof of Stake?

a)

A computer protocol

b)

A cloud-based contract

c)

Artificial intelligence assisted contract

d)

As collateral called staking