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Crypto Millionaire Quiz

Crypto Millionaire Quiz from Trivia Bandit 100% correct answers. Complete your quiz offer with 100% accuracy and get credited.

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Q 1. What is cryptocurrency?

Option:-

  • A technology that uses AI and ML algorithms to process transactions in a fast and efficient manner
  • A safe way of encrypting online files
  • A digital asset that functions as a medium of exchange
  • A digital asset that is backed by physical assets.
A digital asset that functions as a medium of exchange

Q 2. When was the first Cryptocurrency made available?

Option:-

  • 2007
  • 1998
  • 2011
  • 2009
2009

Q 3. Which was the first cryptocurrency created?

Option:-

  • Bitcoin
  • Ecash
  • Ripple
  • Ethereum
Bitcoin

Q 4. In which technology is cryptocurrency based?

Option:-

  • Blockchain
  • DSCT
  • Genomics
  • Artificial Intelligence and Machine Learning
Blockchain

Q 5. What is a crypto Wallet?

Option:-

  • A software that safely stores credit cards online
  • A device that scans and transforms physical money into digital currency
  • A digital service for encrypting passwords
  • A software that enables you to send and receive cryptocurrencies
A software that enables you to send and receive cryptocurrencies

Q 6. What does the concept “mining” mean in cryptocurrencies?

Option:-

  • Looking for cryptocurrency hidden in the Deep Web
  • Stealing someone else’s cryptocurrency
  • The process of adding new cryptocurrency to its ecosystem by solving a computational puzzle.
  • Sending cryptocurrency from one wallet to another
The process of adding new cryptocurrency to its ecosystem by solving a computational puzzle.

Q 7. Who is Satoshi Nakamoto?

Option:-

  • The inventor of Bitcoin and Blockchain
  • The first investor of Ethereum
  • An Asian investor
  • The inventor of Ethereum
The inventor of Bitcoin and Blockchain

Q 8. Who received the first Bitcoin transaction?

Option:-

  • Marti Malmy
  • Hal Finney
  • Laszlo Hanyecz
  • Nakamoto Sotoshi
Hal Finney

Q 9. What is the smallest Bitcoin value?

Option:-

  • Satoshi
  • Toshiba
  • Nakamoto
  • Mukashi
Satoshi

Q 10. How many millions of Bitcoin units will be eventually available?

Option:-

  • 51 Million
  • 21 Million
  • 23 Million
  • 22 Million
21 Million

Q 11. Can the blockchain technology be used for something else than Cryptocurrencies?

Option:-

  • Obviously No
  • Yes, Absolutely
  • Not sure
  • No
Yes, Absolutely

Q 12. In which countries is Bitcoin Illegal?

Option:-

  • Colombia, Etiopia, Albania.
  • Cambodia, Ecuador, Nepal, Algeria, Bolivia, and Bangladesh.
  • None
  • Curacao, Etiopia, Nigeria, Albania, Guatemala, and Afghanistan.
Cambodia, Ecuador, Nepal, Algeria, Bolivia, and Bangladesh.

Q 13. Which government is in control of Bitcoin?

Option:-

  • China
  • USA
  • Russia
  • None
None

Q 14. Are cryptocurrency holders subject to taxes?

Option:-

  • Yes
  • It depends on the country
  • No
  • Never
It depends on the country

Q 15. Who are some famous people who have invested in Bitcoin?

Option:-

  • Tom Brady, Ellen Degeneres, Jamie Dimon
  • Cristiano Ronaldo, Bill Harris, Shakira
  • Myke Tyson, Ashton Kutcher, Gwyneth Paltrow, Floyd Mayweather Jr.
  • Elon Musk, Tom Cruise, Warren Buffett
Myke Tyson, Ashton Kutcher, Gwyneth Paltrow, Floyd Mayweather Jr.

Q 16. Which was the infamous site in the Deep Web where people could buy drugs and weapons with Bitcoin?

Option:-

  • Stealth Road
  • Silk Road
  • D Road
  • The Pirate Bay
Silk Road

Q 17. What is the last name of the identical twins that sued Facebook who became Bitcoin billionaires?

Option:-

  • Winchester
  • Wimthos
  • Winclethos
  • Winklevoss
Winklevoss

Q 18. In 2010 a man paid for two pizzas with 10,000 Bitcoins. Today those pizzas would be worth?

Option:-

  • Around US$ 10,000,000
  • Around US$ 200,000,000
  • Around US$ 50,000,000
  • Around US$ 100,000,000
Around US$ 100,000,000

Q 19. Who was the first person to become a millionaire with Bitcoin?

Option:-

  • Rich Smith
  • Douglas Diamond
  • Stanislav Liaskovska
  • Roger Ver
Roger Ver

Q 20. If a person would have invested US$10 in Bitcoin at the end of 2010 and sell those Bitcoin today, how much money would he/she have made?

Option:-

  • Around US$ 30,000
  • Around US$ 3,000
  • Around US$ 350,000
  • Around US$ 3,000,000
Around US$ 350,000

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