Incredible Crypto Quiz 2 Answers

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Q 1. WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON?

Option:-

• Cryptochain
• Blockchain
• Bankchain
• Fiatchain

Q 2. BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR?

Option:-

• It is still the only form.
• 2018
• 2013
• 2011

Q 3. WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERNMENT (SUCH AS PAPER MONEY)?

Option:-

• Tangible currency
• Guber currency
• Fiat Currency
• Aubit currency

Q 4. AS OF JULY 2021, WHICH OF THE FOLLOWING IS IN THE TOP 5 MOST POPULAR CRYPTOCURRENCIES?

Option:-

• Stellar
• VeChain
• Amp
• Ethereum

Q 5. WHAT WAS THE FIRST FORM OF CRYPTO?

Option:-

• Bitcoin
• Litecoin
• Ethereum
• Stellar

Q 6. CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?

Option:-

• Technological
• Advanced
• Decentralized
• Unconnected

Q 7. WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?

Option:-

• Barry Silbert
• Satoshi Nakamoto
• Nick Szabo
• Bill Gates

Q 8. POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?

Option:-

• Ethereum
• Bitcoin Cash
• Chainlink
• Bitcoin

Q 9. WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?

Option:-

• Hammering
• Conducting
• Engineering
• Mining

Q 10. HOW MANY BITCOINS CAN EVER EXIST?

Option:-

• 15 Million
• 21 Million
• 50 Million
• Infinite amount

Q 11. WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?

Option:-

• 2030
• 2040
• 2050
• 2060

Q 12. WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?

Option:-

• Germany
• Russia
• United States
• China

Q 13. WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?

Option:-

• Satoshi
• Bitoshi
• Nanocoin
• Ether

Q 14. WHAT DOES P2P STAND FOR?

Option:-

• Password to Password
• Password to Product
• Peer to Peer
• Product to Peer

Q 15. WHAT IS A NODE?

Option:-

• A crypto blockchain
• A blockchain transaction
• A computer connected to a crypto network
• An offline storage for cryptocurrency

Q 16. WHAT IS A DAPP?

Option:-

• A decentralized application
• A demonetized application
• A diluted application
• A defined application

Q 17. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?

Option:-

• Fork
• Hard Break
• Splinter
• Rupture

Q 18. WHAT IS COLD STORAGE

Option:-

• A crypto exchange
• A way of holding cryptocurrency offline
• A way of holding cryptocurrency online
• A way to mine cryptocurrency

Q 19. WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?

Option:-

• Vitalik Buterin
• Satoshi Nakamoto
• Jackson Palmer
• Elon Musk

Q 20. WHAT IS ETHEREUM?

Option:-

• A Bitcoin token
• A blockchain platform with its own currency
• A Bitcoin mining platform
• A process of pricing crypto transactions

Q 21. WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?

Option:-

• Bridges
• Defi
• Halving
• Proof of Work

Q 22. WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?

Option:-

• Proof of Stake
• Private Keys
• Immutability
• Network Regulated Security

Q 23. WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWN AS?

Option:-

• Black Paper
• White Paper
• Green Paper
• Red Paper

Q 24. HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?

Option:-

• 30 seconds
• 1 minute
• 10 minutes
• 30 minutes

Q 25. HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?

Option:-

• 24 hours a day/7 days a week
• 9:30am-4:30pm/ Monday-Friday
• 9:30am-4:30pm/ Monday-Saturday
• 12am-5pm/ Saturday and Sunday