Blockchain Quiz

Blockchain Quiz

12th Grade

10 Qs

quiz-placeholder

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Blockchain Quiz

Blockchain Quiz

Assessment

Passage

Other

12th Grade

Practice Problem

Easy

Created by

Michael Jimenez

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the technology that ensures data cannot be altered by any of the users within the network?

Proof of Work

Public Distributed Ledger

Proof of Stake

Hash Encryption

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reward for the miner who solves a complex mathematical problem first and adds a block to the blockchain?

25 Bitcoins

12.5 Bitcoins

50 Bitcoins

6.25 Bitcoins

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which cryptocurrency uses the SHA-256 algorithm for its hashing process?

Bitcoin

Zcash

Ethereum

Litecoin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for the process of adding a block to the blockchain?

Hashing

Proof of Stake

Mining

Proof of Work

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of using blockchain technology in cryptocurrencies?

Daily Transfer Limits

Counterfeiting Immunity

Additional Charges

Centralized Authority

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the private key in a Bitcoin transaction?

To decrypt the transaction details

To encrypt the transaction details

To transmit the transaction across the world

To sign the transaction digitally

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of miners in the blockchain network?

Manage wallets

Create new cryptocurrencies

Validate transactions

Encrypt data

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