Ultimate Trivia Quiz About Cryptocurrency!

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Lynn Bradley
L
Lynn Bradley
Community Contributor
Quizzes Created: 319 | Total Attempts: 539,367
| Attempts: 2,060
Quiz Flashcard
SettingsSettings
Please wait...
  • 1/10 Questions

    What day is celebrated in the cryptocurrency world as Bitcoin Pizza day?

    • July 4th
    • May 22nd
    • December 10th
    • February 5th
Please wait...
About This Quiz

How much do you know about Cryptocurrency and how far it's come? From the technology that powers it to the intricacies involved, test your knowledge by taking this quiz on cryptocurrency that includes history and lots of other important information that will rank your expertise. Shall we?

Ultimate Trivia Quiz About Cryptocurrency! - Quiz

Quiz Preview

  • 2. 
    Which of these countries is one of the current largest miners of Bitcoin? - ProProfs

    Which of these countries is one of the current largest miners of Bitcoin?

    • China

    • Algeria

    • Spain

    • Nepal

    Correct Answer
    A. China
    Explanation
    China is one of the current largest miners of Bitcoin. This is because China has a significant amount of cheap electricity and a large number of mining farms. Additionally, the country has a high concentration of mining pools and hardware manufacturers, making it a major player in the Bitcoin mining industry.

    Rate this question:

  • 3. 
    In which of the following countries is the use of block chain currency banned? - ProProfs

    In which of the following countries is the use of block chain currency banned?

    • France

    • USA

    • Germany

    • Bolivia

    Correct Answer
    A. Bolivia
    Explanation
    Bolivia is the correct answer because the use of blockchain currency is banned in the country. This means that cryptocurrencies like Bitcoin, Ethereum, and others cannot be used as a form of payment or investment in Bolivia. The government of Bolivia has taken this stance due to concerns about money laundering, fraud, and the lack of control over these decentralized currencies.

    Rate this question:

  • 4. 
    The first game built using Ethereum technology is called? - ProProfs

    The first game built using Ethereum technology is called?

    • Cryptomon

    • Cryptokitties

    • Cryptobox

    • Ethergame

    Correct Answer
    A. Cryptokitties
    Explanation
    Cryptokitties is the correct answer because it was the first game built using Ethereum technology. Cryptokitties is a blockchain-based game where players can buy, sell, and breed virtual cats using Ethereum's smart contract functionality. It gained significant popularity in late 2017 and was one of the earliest examples of non-fungible tokens (NFTs) being used in a gaming context.

    Rate this question:

  • 5. 
    How many Bitcoins in total are available for mining? - ProProfs

    How many Bitcoins in total are available for mining?

    • 1 billion

    • 21 million

    • An unlimited number available

    • 100 million

    Correct Answer
    A. 21 million
    Explanation
    The correct answer is 21 million. This is because the total supply of Bitcoin is limited to 21 million coins. This limit is built into the Bitcoin protocol and is designed to create scarcity and prevent inflation. As more coins are mined, the rate at which new coins are created decreases over time, eventually reaching zero when the total supply reaches 21 million. This limited supply is one of the key factors that contribute to the value and appeal of Bitcoin as a decentralized digital currency.

    Rate this question:

  • 6. 
    Which of these following is not the name of a cryptocurrency?  - ProProfs

    Which of these following is not the name of a cryptocurrency? 

    • Pizzacoin

    • Cabbage

    • Coinye

    • Steblecoins

    Correct Answer
    A. Steblecoins
    Explanation
    The given question asks for the name that does not belong to a cryptocurrency. Pizzacoin, Cabbage, and Coinye are all examples of cryptocurrencies that have been created. However, Steblecoins is not a recognized cryptocurrency name.

    Rate this question:

  • 7. 
    _____ is regarded as the smallest amount of Bitcoin, equivalent to 0.00000001.  - ProProfs

    _____ is regarded as the smallest amount of Bitcoin, equivalent to 0.00000001. 

    • Ethereum

    • Satoshi

    • Minibit

    • Smalbit

    Correct Answer
    A. Satoshi
    Explanation
    A Satoshi is the smallest unit of Bitcoin, named after its pseudonymous creator, Satoshi Nakamoto. It represents one hundred millionth of a single Bitcoin (0.00000001 BTC). This subdivision allows for small transactions and adjusts for the digital currency’s potential increase in value, making Bitcoin accessible for micro-transactions. It's crucial for facilitating smaller transactions in the cryptocurrency space, enhancing Bitcoin's usability as an everyday currency.

    Rate this question:

  • 8. 
    On what technology is the infrastructure of digital currency founded? - ProProfs

    On what technology is the infrastructure of digital currency founded?

    • Digital technology

    • Block chain technology

    • Banking technology

    • Internet technology

    Correct Answer
    A. Block chain technology
    Explanation
    The infrastructure of digital currency is founded on blockchain technology. Blockchain is a decentralized and transparent digital ledger that records all transactions made with a particular cryptocurrency. It ensures security, immutability, and trustworthiness by distributing transaction records across multiple computers or nodes. This technology eliminates the need for intermediaries like banks and allows for peer-to-peer transactions. Additionally, blockchain technology enables the verification and authentication of transactions, preventing fraud and ensuring the integrity of the digital currency system.

    Rate this question:

  • 9. 
    The first decentralized digital coin was created in? - ProProfs

    The first decentralized digital coin was created in?

    • 2008

    • 2009

    • 2010

    • 2011

    Correct Answer
    A. 2008
    Explanation
    The first decentralized digital coin was created in 2008. This refers to the creation of Bitcoin, which was introduced in a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" by an individual or group using the pseudonym Satoshi Nakamoto. The whitepaper was published in October 2008, outlining the concept and principles behind Bitcoin. The actual implementation and mining of the first Bitcoin occurred in early 2009.

    Rate this question:

  • 10. 
    What term is sometimes used to refer to other cryptocurrencies that are not Bitcoin? - ProProfs

    What term is sometimes used to refer to other cryptocurrencies that are not Bitcoin?

    • Acoin

    • Altecoin

    • Haltcoin

    • Altcoin

    Correct Answer
    A. Altcoin
    Explanation
    Altcoin is the correct answer because it is a term commonly used to refer to any cryptocurrency that is not Bitcoin. It is a combination of the words "alternative" and "coin," indicating that it is an alternative to Bitcoin. Altcoins include cryptocurrencies such as Ethereum, Litecoin, Ripple, and many others. They are often created with the intention of offering different features or improvements compared to Bitcoin.

    Rate this question:

Quiz Review Timeline (Updated): Sep 2, 2024 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Sep 02, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 05, 2019
    Quiz Created by
    Lynn Bradley

Related Topics

Recent Quizzes

From Dust to Dollars: National Unclaimed Property Day Quiz From Dust to Dollars: National Unclaimed Property Day Quiz
Which Show Her the Money Movie Character Are You? Quiz Which Show Her the Money Movie Character Are You? Quiz
How Much Do You Know About Dumb Money Movie? Quiz How Much Do You Know About Dumb Money Movie? Quiz
How Well Do You Know The Types Of Financial Services? How Well Do You Know The Types Of Financial Services?
How much money will you make in 2023? How much money will you make in 2023?
How Well Do You Know About The Principle of Investment Assignment? How Well Do You Know About The Principle of Investment Assignment?
Personal Finance For Highschool Students Quiz Personal Finance For Highschool Students Quiz
Is Your Marriage Financially Sound Quiz Is Your Marriage Financially Sound Quiz
How Well Are You Managing Your Marriage And Finance? How Well Are You Managing Your Marriage And Finance?
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.