INCREDIBLE CRYPTO QUIZ 2 ANSWERS

Share
ByPosted at






 INCREDIBLE CRYPTO QUIZ 2 ANSWERS




INCREDIBLE CRYPTO QUIZ 2 ANSWERS: A Digital currency in which transactions are verified and records maintained by a decentralized system using cryptography ,rather than by a centralized authority.
"Decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation."
Incredible crypto quiz 2 Answers free Robux from Bequizzed - Complete your quiz offer with 100% accuracy and get free ROBUX.


1.WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON ?





  • Cryptochain
  • Blockchain
  • Bankchain
  • Flatchain
    Right Answer :  BLOCKCHAIN


2.BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR ?




  • It is still the only form.
  • 2018
  • 2013
  • 2011
    Right Answer :  2011


3.WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERMENT ( SUCH AS PAPER MONEY)?

AS 

  • Tangible currency
  • Guber currency 
  • Fiat currency
  • Aubit currency
    Right Answer :  FAIT CURRENCY

4. AS OF JULY 2021, WHICH OF THE FOLLOWING IS THE TOP 5 MOST POPULAR CRYPTOCURRENCIES ?


  • Steller
  • VeChain
  • Amp
  • Ethereum
    Right Answer :   ETHEREUM


5. WHAT WAS THE FIRST FORM OF CRYPTO?




  • Bitcoin
  • Litecoin
  • Ethereum
  • Steller
    Right Answer :   BITCOIN


6. CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?


  • Technological
  • Advanced
  • Decentralized
  • Unconnected
    Right Answer :     DECENTRALIZED

7. WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?


  • Barry silbert
  • satoshi Nakamoto
  • Nick Szabo
  • Bill Gates
    Right Answer :     SATOSHI NAKAMOTO


8. POLKADOT  AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE , BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY ?



  • Ethereum
  • Bitcoin Cash
  • Chainlink
  • Bitcoin
    Right Answer :     ETHEREUM


9. WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?




  • Hammering
  • Conducting
  • Engineering
  • Mining
    Right Answer :     MINING


10 . HOW MANY BITCOINS CAN EVER EXIST ?



  • 15 Million
  • 21 Million
  • 50 Million
  • Infinite Amount
    Right Answer :     21 MILLION

11. WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINDED BY ?


  • 2030
  • 2040
  • 2050
  • 2060
    Right Answer :     2040


12. WHICH OF THESE COUNTRIES IS THE LARGEST MINING OF BITCOIN ?


  • Germany
  • Russia
  • United States
  • China
    Right Answer :     CHINA

13. WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED ?



  • Satoshi
  • Bitoshi
  • Nanocoin
  • Ether
    Right Answer :     SATOSHI


14. WHAT DOES P2P STAND FOR ?



  • Password to Password
  • Password to Product
  • Peer to Peer
  • Product to Peer
    Right Answer :    PEER TO PEER

15. WHAT IS A NODE ?



  • A Crypto blockchain
  • A blockchain transaction
  • A computer connected to a crypto network
  • An offline storage for cryptocurrency

    Right Answer :   A COMPUTER CONNECTED TO A    CRYPTO NETWORK


16. WHAT IS A DAPP?


  • A Decentralized application
  • A Demonetized application
  • A Diluted application
  • A  Defined application
    Right Answer :    A  DECENTRALIZED APPLICATION


17. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?



  • Fork
  • Hard Break
  • Splinter
  • Rupture
    Right Answer :      FORK


18. WHAT IS COLD STORAGE ?



  • A Crypto exchange
  • A way of holding cryptocurrrncy offline
  • A way of holding cryptocurrrncy online
  • A way to mine cryptocurrrncy 
    Right Answer :    A WAY OF HOLDING  CRYPTOCURRENCY OFFLINE


19. WHICH OF THESE PEOPLE IS A CO-FOUNDER OF EHTEREUM?



  • Vitalik Buterin
  • Satoshi Nakamoto
  • Jackson Palmer
  • Elon Musk
    Right Answer :      VITALIK BUTERIN

20. WHAT IS ETHEREUM ?



  • A Bitcoin token
  • A blockchain platform with its own currency
  • A bitcoin mining platform
  • A process of pricing crypto transactions
    Right Answer :      A BLOCKCHAIN PLATFORM WITH ITS OWN CURRENCY

21. WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?



  • Bridges
  • Defi
  • Halving
  • Proof of work

    Right Answer :      PROOF OF WORK


22. WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?



  • Proof of stake 
  • Private Keys
  • Immutability
  • Network Regulated Security

    Right Answer :      IMMUTABILITY

23. WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWNS AS ?



  • Black Paper
  • White Paper
  • Green Paper
  • Red Paper
    Right Answer :      WHITE PAPER

24. HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN ?



  • 30 Seconds
  • 1 minute
  • 10 minutes
  • 30 minutes
    Right Answer :      10 MINUTES


25. HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?



  • 24 hours a day / 7 days a week
  • 9:30 am-4:30pm / Monday-Friday
  • 9:30 am-4:30pm / Monday-Saturday
  • 12am-5pm /Saturday and Sunday
    Right Answer :      24 HOURS A DAY / 7 DAYS A WEEK

Post a Comment
Labels, ,

Comments