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WorksheetsWizardia #1
Total questions: 12
Worksheet time: 4mins
What is a cryptocurrency?
a form of fiat money
an asset pegged to gold price
technology based on telegram services
a digital form of cash
What is the main advantage of cryptocurrencies over traditional money?
it is pegged to gold price
it is decentralized
it is stable and foreseeable
you can spend it as if it was real money
Who can erase/change info out of blockchain?
Authorities
Central banks
Nobody
Satoshi Nakamoto
Who can see your transactions?
Anyone
Nobody
Anyone who knows your address
Central banks
Let's assume I only have 5 BTC. Can I send 5 BTC to 2 different people (2x5 BTC) just by "copy-pasting" the transaction (double-spending)?
Yes
No
What is HODL?
Hold on for Deadline
Hold on for Dear Life
What is a stablecoin?
Bitcoin
Coin pegged to gold price
Coin pegged to the dollar value
Coin pegged to BTC price
What is NFT?
Not Financial Trading
Non Fungible Token
Coin pegged to Total market cap value
Can you send your NFT to others?
Yes
No
What is transaction hash?
A number that are generated by cryptography and identifies the transaction
A number that identifies fee included in the transaction
Number of coins sent or received
Digits that are assigned to the transaction by default
What is staking?
A process where your coins are being sliced to a smaller fractions
Locking up your coins and receiving rewards on top of it
Burning mechanism aimed to create a deflationary token model
What Is Phishing?
Earning tokens by doing something helpful for a project
A type of cyberattack where a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive information.
Changing token model
