WorksheetsBlockchain and Bitcoin
Total questions: 11
Worksheet time: 6mins
What is the definition of "FIAT"?
Bitcoins
Government-issued currency, such as the US dollar.
Cyrptocurrency
None of the above
What is a bitcoin?
Programming Language
England's Currency
A Digital Currency
None of the Above
How are "bitcoins" produced?
Governments supporting the "bitcoin" currency
Computers using their processing power to facilitate and store transactions.
Mines in the ground
All of the Above
The process of encrypting and decrypting information.
Decentralized Application
Cryptocurrency
Block
Cryptography
Which of the following is popularly used for storing bitcoins?
wallet
box
stack
How does one acquire
bitcoins?
As payment for goods or
services.
Purchase bitcoins at a
Bitcoin exchange.
Exchange bitcoins with
someone near you.
Earn bitcoins through
competitive bitcoin mining.
all of the above
Bitcoin can only be controlled by the central bank.
True
False
How many Bitcoins will
there ever be?
21 million in 2140
21 million in 2020
14 million 2015
23 million in 2140
Asymmetric encryption uses
Public Keys only
Private Keys only
Public and Private Keys
Proof of Stake
Each block of a Blockchain consists of which of the following?
A hash pointer to the previous block
Timestamp
List of transactions
All of the above
What is a genesis block?
The first block of a Blockchain
A famous block that hard coded a hash of the Book of Genesis onto the blockchain
The first block after each block halving
The 2nd transaction of a Blockchain
