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Bitcoin Knowledge Quiz

Authored by vamsi j

Computers

University

Used 2+ times

Bitcoin Knowledge Quiz
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When was Bitcoin created?

2005

2008

2012

2015

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the creator of Bitcoin?

Vitalik Buterin

Charlie Lee

Satoshi Nakamoto

Nick Szabo

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common method to sell Bitcoin?

Via a traditional bank

Via a peer-to-peer platform

By mailing it

By trading it for stocks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component is NOT typically part of a Bitcoin transaction?

Inputs

Outputs

Mining Fee

Account Number

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of mining in the Bitcoin network?

To encrypt transactions

To generate private keys

To validate transactions and add new blocks to the blockchain

To maintain centralized control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when a Bitcoin transaction is invalid?

It is automatically approved

It is rejected by the network

It is stored in a pending state forever

It is converted into fiat currency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can invalidate a Bitcoin transaction?

Correct private key

Sufficient funds

Double spending

Transaction fee paid

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