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BeQuizzed Incredible Crypto Quiz 2 Answers Video
BeQuizzed Incredible Crypto Quiz 2 Answers
Q 1. WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON?
Options
Cryptochain
Blockchain
Bankchain
Fiatchain
Correct Answer : Blockchain
Q 2. BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR?
Options
It is still the only form.
2018
2013
2011
Correct Answer : 2011
Q 3. WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERNMENT (SUCH AS PAPER MONEY)?
Options
Tangible currency
Guber currency
Fiat currency
Aubit currency
Correct Answer : Fiat Currency
Q 4. AS OF JULY 2021, WHICH OF THE FOLLOWING IS IN THE TOP 5 MOST POPULAR CRYPTOCURRENCIES?
Options
Steller
VeChain
Amp
Ethereum
Correct Answer : Ethereum
Q 5. WHAT WAS THE FIRST FORM OF CRYPTO?
Options
Bitcoin
Litecoin
Ethereum
Stellar
Correct Answer : Bitcoin
Q 6. CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?
Options
Technological
Advanced
Decentralized
Unconnected
Correct Answer : Decentralized
Q 7. WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?
Options
Barry Silbert
Satoshi Nakamoto
Nick Szabo
Bill Gates
Correct Answer : Satoshi Nakamoto
Q 8. POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?
Options
Ethereum
Bitcoin Cash
Chainlink
Bitcoin
Correct Answer : Ethereum
Q 9. WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?
Options
Hammering
Conducting
Engineering
Mining
Correct Answer : Mining
Q 10. HOW MANY BITCOINS CAN EVER EXIST?
Options
15 Million
21 Million
50 Million
Infinite amount
Correct Answer : 21 Million
Q 11. WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?
Options
2030
2040
2050
2060
Correct Answer : 2040
Q 12. WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?
Options
Germany
Russia
United States
China
Correct Answer : China
Q 13. WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?
Options
Satoshi
Bitoshi
Nanocoin
Ether
Correct Answer : Satoshi
Q 14. WHAT DOES P2P STAND FOR?
Options
Password to Password
Password to Product
Peer to Peer
Product to Peer
Correct Answer : Peer to Peer
Q 15. WHAT IS A NODE?
Options
A crypto blockchain
A blockchain transaction
A computer connected to a crypto network
An offline storage for cryptocurrency
Correct Answer: A computer connected to a crypto network
Q 16. WHAT IS A DAPP?
Options
A decentralized application
A demonetized application
A diluted application
A defined application
Q 17. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?
Options
Fork
Hard Break
Splinter
Rupture
Correct Answer : Fork
Q 18. WHAT IS COLD STORAGE?
Options
A crypto exchange
A way of holding cryptocurrency offline
A way of holding cryptocurrency online
A way to mine cryptocurrency
Correct Answer : A way of holding cryptocurrency offline
Q 19. WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?
Options
Vitalik Buterin
Satoshi Nakamoto
Jackson Palmer
Elon Musk
Correct Answer : Vitalik Buterin
Q 20. WHAT IS ETHEREUM?
Options
A Bitcoin token
A blockchain platform with its own currency
A Bitcoin mining platform
A process of pricing crypto transactions
Correct Answer : A blockchain platform with its own currency
Q 21. WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?
Options
Bridges
Defi
Halving
Proof of Work
Correct Answer : Proof of work
Q 22. WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?
Options
Proof of Stake
Private Keys
Immutability
Network Regulated Security
Correct Answer : Immutability
Q 23. WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWN AS?
Options
Black Paper
White Paper
Green Paper
Red Paper
Correct Answer : White Paper
Q 24. HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?
Options
30 seconds
1 minute
10 minutes
30 minutes
Correct Answer : 10 minutes
Q 25. HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?
Options
24 hours a day/7days a week
9:30am – 4:30 pm/ Monday-Friday
9:30 am – 4:30pm/ Monday- Saturday
12 am – 5pm/ Saturday and Sunday
Correct Answer : 24 hours a day/7 days a week
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