Elevator Pitch - What Is Blockchain?

Interactive Video
•
Biology, Information Technology (IT), Architecture, Business, Social Studies
•
10th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of blockchain in relation to Bitcoin?
To act as a digital wallet
To encrypt user data
To serve as a ledger for transactions
To mine new bitcoins
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do people prefer cryptocurrency over traditional money?
It is backed by the government
It requires no trust in third parties
It is more stable than traditional currency
It is easier to counterfeit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required to create a new block in a blockchain?
A financial transaction
A mathematical puzzle solution
A digital signature
A government approval
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are blocks in a blockchain linked together?
Through a central server
By a unique digital signature
By the structure of the puzzles
Through user authentication
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of using blockchain for cryptocurrency?
It is controlled by a single entity
It can be easily hacked
If everyone stops working on it, it ceases to exist
It is not recognized by any country
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