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How educated are you about crypto?

Total questions: 26

Worksheet time: 13mins

Name
Class
Date
1.

New bitcoin is created through what process?

a)

proof of work miners finding the nonce 

b)

proof of stake algorithm 

c)

no more bitcoins are being created

d)

Satoshi gives bitcoin away 

2.

The bitcoin blockchain is maintained by:

a)

servers in secret locations

b)

a public ledger on all miners and node operators

c)

top 256 bitcoin holders

d)

private keys of all BTC holders

3.

Any person can control how many bitcoin addresses?

a)

up to 32

b)

21 million 

c)

unlimited

d)

1

4.

Although there are thousands of cryptocurrencies, the most widely used protocol is:

a)

bitcoin

b)

ethereum

c)

ripple

d)

dogecoin

5.

What is a smart contract?

a)

a computer protocol

b)

a cloud-based contract

c)

a contract verified by decentralised party

d)

AI assisted contract

6.

Ethereum is scheduled to transition to what in 2022?

a)

proof of stake

b)

proof of work 

c)

pre-mine validation

d)

airdrop

7.

How Many Bitcoins Are Left to Be Mined?

a)

2 millions

b)

The supply is unlimited

c)

5 millions

d)

21 millions

8.

What is a stablecoin?

a)

a digital asset meant to have price stability based on another asset

b)

a digital asset pegged to the fiat currency

c)

a tokenized asset

d)

a coin that can stand on the edge

9.

What happened in China in 2021 that caused crypto markets to dip?

a)

miners in China went offline

b)

China banned bitcoin

c)

President Xi said Shibu Inu coin is better than bitcoin

d)

Chinese government introduced digital yuan

10.

What is a cryptocurrency tumbler?

a)

a service that hides coin origin

b)

a coin wallet attachment

c)

a sweet art blog

d)

a first crypto-exchange

11.

Who is this?

a)

Viktor Prokopenya - founder of currency.com

b)

Brian Armstrong - founder of Coinbase

c)

One of Winklevoss brothers - founders for Gemini

d)

Vitalik Buterin - founder of Ethereum

12.

Pick Shiba Inu logo

a)
b)
c)
d)
13.

What is Hard Fork?

a)

a radical change to a network's protocol

b)

any device or entity that connects a blockchain with off-chain data

c)

a mechanism that is used in blockchain to achieve the necessary agreement

d)

a really robust cutlery

14.

What is the first country in the world to accept bitcoin as legal tender?

a)

El Salvador

b)

USA

c)

Puerto Rico

d)

Saint Vincent and the Grenadines

15.

What is the official domain name for the Bitcoin?

16.

Where is Bitcoin Illegal?

a)

everywhere

b)

USA

c)

China

d)

Ecuador

17.

What is current USD equivalent of bitcoins payed for 2 pizzas on a famous Pizza Day?

a)

$380K

b)

$3.8M

c)

$37M

d)

$380M

18.

When did Ethereum network go live?

a)

2010

b)

2013

c)

2015

d)

2017

19.

What is the Genesis Block?

a)

the first block in the Blockchain

b)

a famous block that hardcoded a hash of the book of Genesis into the Blockchain

c)

the first block after each block halving

d)

the first transaction in each block

20.

Regulators and law enforcement can’t trace Bitcoin transactions.

a)

True

b)

False

21.

What is the top county by % population crypto owners?

a)

USA

b)

Russia

c)

Ukraine

d)

India

22.

What is the difference between cryptocurrency and crypto token?

a)

they are the same thing

b)

cryptocurrencies are less volatile than tokens

c)

tokens do not have their own blockchains

d)

tokens use different type of consensus

23.

Is Ripple a real cryptocurrency?

a)

NO!

b)

You should pick another answer!

24.

Which blockchains support smart contracts?

a)

Bitcoin

b)

Ethereum

c)

Solana

d)

All of them

25.

Which of these people is a self-proclaimed Satoshi Nakamoto?

a)
b)
c)
d)
26.

What was the most volatile year for Bitcoin?

a)

2021

b)

2011

c)

2017

d)

2013