WorksheetsCryptocurrency
Total questions: 20
Worksheet time: 10mins
Which of the following is hashing?
One way to secure the data
Changes to an unreadable text in order to verify the content of the message, not to hide it.
is the practice of encoding information, so only certain people can read it.
The process of generating a Crypto transaction
Which fact is true about Bitcoin?
Satoshi developed this form of cryptocurrency.
If you have a computer, you can make bitcoin with computer software.
Bitcoin is the only cryptocurrency.
Bitcoin is a corporation.
Bitcoin is:
A type of digital money
A blockchain network of computers
A platform for building financial services
All of the above
When was Bitcoin invented?
2009
2018
2003
1987
2011
What is a blockchain?
A distributed ledger on a peer to peer network
A type of cryptocurrency
An exchange
A centralized ledger
Cryptocurrency and the U.S. dollar are both forms of money that can be used to transfer value and buy or selling things. Yet, unlike the U.S. dollar:
Cryptocurrency value is not enforced by the government
Cryptocurrency can only be bought and sold outside the U.S.
Cryptocurrency value can never decrease
Cryptocurrency can only exist with a verified bank account
Cryptocurrency is...
a physical type of currency sold in bits
a digital currency
accepted by all stores
only available in the U.S. and Canada
Where do you store your cryptocurrency?
Bank account
Floppy Disk
Digital Wallet
In your pocket
All blocks contain a link to the previous block, except for
the first block
block number 24601
the second block
the third block
What does P2P stand for?
Peer to Peer
Product to Product
Password to Password
Penguin to Penguin
Which of the following cryptocurrency are altcoins?
Litecoin
Monero
Dash
What is cryptography?
A form of digital and invisible money
The study and practice of hiding information
Files used to store economic transactions
A block of information
The process of encrypting and decrypting information.
Decentralized Application
Cryptocurrency
Block
Cryptography
A form of money that exists as encrypted, digital information. Operating independently of any banks and uses sophisticated mathematics to regulate the creation and transfer of funds between entities.
Bitcoin
Cryptocurrency
Decentralized Application
Circulating Supply
A digital ledger of all the transactions ever made in a particular cryptocurrency and is repeatedly copied and saved onto thousands of computers all around the world, and it must always match each copy. As there is no master copy stored in one location, it's considered decentralized.
Cryptography
Blockchain
Bitcoin
Decentralized Application
__________means there is no central point of the network. Instead, it is spread over a series of users
Cryptocurrency
Centralized
Decentralized
Blockchain
Ethereum is a type of cryptocurrency.
True
False
Partially true
None of the above
Bitcoin was the first and is the most successful of all the cryptocurrencies. All the other coins are grouped together under this category.
Bitcoin
Altcoins
Cryptocurrency
Circulating Supply
A digital ledger of all the transactions ever made in a particular cryptocurrency and is repeatedly copied and saved onto thousands of computers all around the world, and it must always match each copy. As there is no master copy stored in one location, it's considered decentralized.
Cryptography
Blockchain
Bitcoin
Decentralized Application
What is necessary for Bitcoin?
bank
internet
government
oxygen
