Bitcoin and ethereum quiz Welcome to your Bitcoin and ethereum quiz Name Email 1. Which is the most popular crypto currency? Ethereum Bitcoin Litecoin Dash 2. What was bitcoin’s highest price 2017? 17900 20000 14000 8000 3. Who invented bitcoin? Satosh Makomoto Mark Karpeles Jack Mar Jeremy Corbyn 4. What is a bitcoin hardware wallet? A decentralized price of hardware with high level of security and storing your bitcoin. E wallet A hardware store for bitcoin. A place where bitcoin is manufactured from 5. Where can I buy bitcoin from? Coin store Local banks Online exchange, friends using your credit or debit card Bitcoin store 6. Bitcoin is just software that tracks and verifies transactions on a public ledger over a peer to peer network. True False Not sure 7. Which technology is bitcoin built on? Bitcoin base Block chain Telepathy Java script 8. How does bitcoin protocol work? Decentralized Centralized Publicly managed All the above 9. Bitcoin address is as simple as using your e-mail address to send a message. False True Impossible Not sure 10. How do you earn from bitcoin mining? Through transaction fees and the bitcoin reward Transaction fees Recognition An extra free mine 11. The following are some of the ways to invest in bitcoin Bitcoin mining Speculation of bitcoin prices on the exchange market Direct buying and selling All the above 12. What are the advantages of investing in bitcoin? Limited risks and losses. Available and accessible information More convenient All the above 13. What is the maximum number of bitcoin expected to be mined 2140? 72 million 21 million 40 million 100 million 14. The following statements are true Every individual user of bitcoin is part of bitcoin ecosystem Bitcoin is the same digital currency across the world no matter what the country’s physical currency. It can be converted into nearly any local currency with no or small transaction fees receiving your payment the next business day. All the above 15. Bitcoin wallet address represents your personal address and hides your identity for protection True False not sure 16. What is the difference between ethereum and bitcoin? Ethereum is an open software platform based on block chain technology Ethereum enables developers to build and add more decentralized applications on the same platform unlike bitcoin Ethereum uses mining to validate its transactions All the above 17. How many Ethers are issued per block generated? 10 Ether 5 Ether 12 Ether None of the above 18. In which year was Ethereum launched? 2011 2015 2003 2007 19. How long does it take on average to mine a block in ethereum? 12 seconds 10 minutes 20-30 minute 5 seconds 20. Who is the founder of ethereum? Vitalik Buterin Jerry Britos Satoshi Nakomoto J.P Morgan 21. What does ether mean? The main denomination used in ethereum A reward for mining bitcoin Short form for ethereum None of the above 22. What algorithm does ethereum use for its proof of work? Ethash Scrypt Crpto diamond Gas 23. The following are ways to acquire ethereum Ethereum mining Direct buying and selling Speculation All the above 24. The following statements are true Requires you to solve complex mathematical equations and come up with a proof of work in a fastest time possible. Ethereum rewards miners based on its proof of work Costing of transactions depends on their storage needs and complexity and band width usage. All the above 25. Ethereum raised its launch capital with a presale and only about ½ of its coins will be mined by its fifth year of existence. True False Not sure 26. The following statements are true Ethereum is also used to build decentralized autonomous organizations (DAO The ethereum virtual machine (EVM) is turning complete software that runs on the ethereum network Smart contract are just computer codes that can be used to facilitate the exchange of money, content, property shares or anything of value All the above 27. Which other crypto currency apart from bitcoin is the next rival to ethereum? Dash Litecoin Ripple Nem 28. With ethereum, you can build a thousand of different applications using only one platform. False True Time's up Related
