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Crypto Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is a blockchain?

a)

A peer-to-peer payment system used exclusively by Bitcoin

b)

A type of cryptocurrency

c)

The programming language used by Bitcoin

d)

A digital ledger where transactions are recorded chronologically and publicly

2.

What is Bitcoin?

a)

A cloud-based service that hosts blockchain nodes

b)

A decentralized digital currency

c)

A digital crypto wallet

d)

A hardware crypto wallet

3.

When was Bitcoin created?

a)

A) 2005

b)

B) 2008

c)

C) 2010

d)

D) 2012

4.

Who is the creator of Bitcoin?

a)

Ryuichi Sakamoto

b)

Satoshi Nakamoto

c)

Akira Toriyama

d)

Masashi Kishimoto

5.

Bitcoin has reached its all-time-high-price of $73,750 on March 14, 2024.

What would be you return-on-investment if you would have then sold some BTC bought exactly 1 year before?

a)

+80%

b)

+100%

c)

+150%

d)

+200%

6.

How much did Laszlo Hanyecz pay for 2 pizzas in May 2010?

a)

10 BTC

(now worth $700,000)

b)

100 BTC
(now worth $7,000,000)

c)

1,000 BTC

(now worth $70,000,000)

d)

10,000 BTC

(now worth $700,000,000)

7.

What does NFT mean?

a)

Nonfungible Token

b)

New Financial Trend

c)

National Finance Technology

d)

New Financial Art

8.

What does RWA mean in crypto?

a)

Real World Assets

b)

Rapid Wealth Accumulation

c)

Regulated Web Assets

d)

Relative Worth Analysis

9.

A cryptocurrency that maintains its value at par with a FIAT currency (like USD) is called:

a)

Stable-coin

b)

Fiat-coin

c)

Const-coin

d)

Par-coin

10.

Dogecoin is

a)

a stable-coin

b)

a meme-coin

c)

an NFT

d)

an RWA token

11.

What is Ethereum?

a)

A DEX (decentralized exchange)

b)

A DAO (decentralized autonomous organization)

c)

A layer-2 network that executes on the Bitcoin blockchain

d)

A blockchain network that can run smart contracts

12.
  1. Bitcoin currently consumes approximately 160 terawatt-hours of electricity annually.

  2. That is more than the national energy consumption of:

a)

Portugal

b)

Norway

c)

Ukraine

d)

Italy

e)

France

13.

Bitcoin consumes a lot of energy due to its proof-of-work (PoW) validation mechanism.
Ethereum 2.0 has implemented a new mechanism called proof-of-stake (PoS).

What is the expected energy reduction of PoS vs. PoW?

a)

50%

b)

75%

c)

90%

d)

99%

14.

What is MetaMask?

a)

The main cryptocurrency used in the Metaverse

b)

A cryptocurrency created by Meta (Facebook)

c)

A new social media platform that runs on the blockchain

d)

A browser extension that serves as a cryptocurrency wallet

15.

👀 What do you think of crypto?

(just a poll 🙂, no right or wrong answers)

a)

I like the philosophy (decentralization)

b)

I like the tech

c)

It's just a fad. The bubble is doomed to crash

d)

It's here to stay

e)

I couldn't care less