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Quiz 1

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Who is Hal Finney?

a)

the creator of Bitcoin

b)

the first person to ever receive a bitcoin

c)

the CEO of CEX.IO

2.

What is the definition of a cryptocurrency?

a)

Paper Money

b)

A Digital Asset

c)

Coins

3.

Who created Bitcoin and when?

a)

Elon Musk - 2009

b)

Satoshi Nakamoto - 2009

c)

Aya Nakamura - 2009

4.

What should you focus on when buiding your mining pool?

a)

keeping the pool small to minimse compfeition

b)

avoiding collaboration

c)

inviting more friends to increase the pool's potential?

5.

What is staking?

a)

a process that allows you to receive more cryptocurrency by storing a specific amount of coins in a wallet

b)

selling your cryptocurrency at a high price

c)

the process of completing tasks on a cryptocurrency exchange

6.

What is the technology allowing cryptocurrency transactions to be secured?

a)

Cryptography

b)

Blockchain

c)

Cybersecurity

7.

What is Decentralized Finance?

a)
A financial system that relies on traditional banks and institutions.
b)
A centralized platform for managing personal finances.
c)

Financial activities conducted without the involvement of an intermediary, like a bank, government, or other financial institution

8.

What is remote management?

a)

the abilty to manage the remote that controls your mining rig

b)

the ability to monitor and control your mining rigs without being present

c)

the ability to manage your digital assests

9.

Who creaed Ethereum?

a)

Vitalik Buterin

b)

Satoshi Nakamoto

c)

Vladimir Buterin

10.

What is an airdrop in cryptocurrency?

a)

receiving media from one phone to another

b)

receiving tokens for participating in a project's ecosystem

c)

receiving bitcoin from a project