What Do You Know About Bitcoin?

10 Questions | Total Attempts: 10250

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What Do You Know About Bitcoin?

Bitcoin is a cryptocurrency that has gained popularity over the years as a mode of investment where one can double their money in an instant without breaking a sweat. People have been encouraged to buy them and there are a lot of success stories about it. How much do you know about bitcoin? Take up the test below and find out!


Questions and Answers
  • 1. 
    Who is the founder of bitcoin?
    • A. 

      Satoshi Nakamoto

    • B. 

      Lee Ho

    • C. 

      Sanisa Meenho

    • D. 

      Toshia Nikes

  • 2. 
     A record-keeping service done through the use of computer processing power is referred to as?
    • A. 

      Blocking

    • B. 

      Mining

    • C. 

      Scripting

    • D. 

      Coding

  • 3. 
    In the bitcoin blockchain, to be accepted by the rest of the network, a new block must contain a?
    • A. 

      White code

    • B. 

      Blockcode

    • C. 

      Code

    • D. 

      Proof-of-work

  • 4. 
     The information necessary for the transaction of bitcoins is stored in a?
    • A. 

      Code

    • B. 

      Wallet

    • C. 

      Block

    • D. 

      Chain

  • 5. 
    What kind of cryptographic mechanism is used in bitcoin transactions?
    • A. 

      Analogous

    • B. 

      Public-key

    • C. 

      Digital

    • D. 

      Coded

  • 6. 
    The bitcoin network is regarded as?
    • A. 

      Cryptic

    • B. 

      Analogous

    • C. 

      Decentralized

    • D. 

      Coded

  • 7. 
    Bitcoin has often been referred to as?
    • A. 

      Cash coin

    • B. 

      Cash lite

    • C. 

      Digital cash

    • D. 

      Cash money

  • 8. 
    What keeps credentials offline while facilitating transactions?
    • A. 

      Hardware wallet

    • B. 

      Card key

    • C. 

      Cashcoin

    • D. 

      Blockchain

  • 9. 
     Number of subsequent blocks in bitcoin system are also called?
    • A. 

      Wallets

    • B. 

      Codes

    • C. 

      Confirmations

    • D. 

      Chains

  • 10. 
    A public ledger that records bitcoin transactions is referred to as?
    • A. 

      Blockchain

    • B. 

      System

    • C. 

      Coding

    • D. 

      Marginalization