Cryptocurrencies

Cryptocurrencies

University

7 Qs

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Cryptocurrencies

Cryptocurrencies

Assessment

Quiz

English

University

Medium

Created by

Anna Gurgul

Used 4+ times

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Bitcoin ledger called?

Key

Blockchain

Miner

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT true about Bitcoin?

it is a digital currency

it can be duplicated

it doesn't have a central issuing authority

it isn't attached to any state or government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you want to make a transaction, you have to inform one of the ledger-keepers.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are new Bitcoins created?

volunteers agree on issuing more Bitcoins

you can earn them by making a transaction

miners are rewarded with Bitcoins for recording a new block of transaction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the current projections, when is the last Bitcoin going to be issued?

2140

2040

2440

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current value of 1 Bitcoin?

33,336.49 PLN

1,003,56 PLN

it changes all the time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which reason in favour of Bitcoin as compared to cash is FALSE?

Bitcoin allows for greater control of funds and lower fees

Bitcoin is more secure than cash

Bitcoin cannot be tracked, unlike cash

Bitcoin can be used all over the world without going through a conversion process

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