Quiz 3 - Crypto Mining
Authored by Cyber Security
Computers
1st - 4th Grade
Used 10+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What are processes involved in mining?
a) Validate the transactions; Create new block
b) Solve algorithm; Create new block
c) Validate the transactions; send solutions
d) Send bitcoin; receive bitcoin
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT correct?
a) Miners are awarded for each validated transaction
b) Miners will only be rewarded when they receive bitcoins
c) Miners are awarded bitcoin whenever they add a new block of transactions to the blockchain
d) Miners are awarded with 6.25BTC each time they successfully created a new block
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is PoW stands for?
a) Proof of Wallet
b) Proof of Work
c) Proof of Word
d) Proof of Way
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transaction is pooled into?
a) Network server
b) Mining pool
c) Binance pool
d) Mempool
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 3 confirmation means?
a) It means there are 3 new blocks ahead of us
b) It means there are 2 new blocks ahead of us
c) It means there are 3 transactions validated
d) It means there are 2 new blocks behind us
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