Test Your Knowledge On Blockchain

10 Questions | Total Attempts: 96

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Test Your Knowledge On Blockchain

Following quiz is an effective way to test your knowledge on the blockchain, also known as "internet money". It tests some fundamental concepts that you should definitely be familiar with if you're learning or working on some basic blockchain projects. Let's get you going. All the best !


Questions and Answers
  • 1. 
    How would you define blockchain?
    • A. 

      Incremental list of records, known as blocks

    • B. 

      A music record

    • C. 

      Simply a chain of discreet blocks

    • D. 

      None of the above

  • 2. 
    Who invented blockchain?
    • A. 

      Eiko Harada

    • B. 

      Masayoshi son

    • C. 

      Satoshi Nakamoto

    • D. 

      Kakashi Burato

  • 3. 
    Why does blockchain exist?
    • A. 

      To modernize interest money

    • B. 

      To work as a ledger

    • C. 

      To improve cryptocurrency

    • D. 

      All of the above

  • 4. 
    Who opened a blockchain innovation research center and when?
    • A. 

      IBM, in July 2016

    • B. 

      Ubisoft, in feb 2015

    • C. 

      Microsoft, in Jan 2017

    • D. 

      Samsung, in June 2016

  • 5. 
    What is a miner?
    • A. 

      A different kind of blockchain

    • B. 

      A minor error generated by computer machines

    • C. 

      Discreet algorithm generated during cryptocurrency processes

    • D. 

      Computer machines that validate and process blockchain transactions

  • 6. 
    Which amongst the following are components of blockchain?
    • A. 

      A shared ledger

    • B. 

      A virtual machine

    • C. 

      A Node Application

    • D. 

      All of the Above

  • 7. 
    What does P2P stand for in blockchain?
    • A. 

      Prior to Post

    • B. 

      Product to Product

    • C. 

      Peer to Peer

    • D. 

      Private key to Public key

  • 8. 
    What amongst the following does blockchain mining involve?
    • A. 

      Verifying

    • B. 

      Transactions

    • C. 

      Releasing new currencies

    • D. 

      All of the above

  • 9. 
    Which of the following is a kind of blockchain?
    • A. 

      Leftchain and Rightchain

    • B. 

      Loosechain

    • C. 

      Sidechain

    • D. 

      All of the above

  • 10. 
    Where can one buy cryptocurrency?
    • A. 

      At an ATM

    • B. 

      At Cryptocurrency Exchange

    • C. 

      From your native bank

    • D. 

      None of the Above

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