Cryptocurrency Quiz

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School

Harvard University *

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Course

127

Subject

Computer Science

Date

May 13, 2024

Type

docx

Pages

5

Uploaded by LieutenantTitanium13716 on coursehero.com

Cryptocurrency Quiz What is cryptocurrency? a) Physical coins and banknotes b) Digital or virtual currency c) Precious metals like gold and silver d) Stocks and bonds Who is credited with creating Bitcoin, the first cryptocurrency? a) Vitalik Buterin b) Satoshi Nakamoto c) Charlie Lee d) Elon Musk Which cryptographic technique is used to secure transactions on the blockchain? a) Hashing b) Encryption c) Decryption d) Compression What is a blockchain? a) A type of digital wallet b) A decentralized ledger c) A type of cryptocurrency d) A form of encryption
What is the process called by which new bitcoins are created and transactions are confirmed on the Bitcoin network? a) Mining b) Trading c) Minting d) Investing What is a private key in cryptocurrency? a) A key used to access public Wi-Fi networks b) A key used to encrypt messages c) A key used to access a cryptocurrency wallet d) A key used to access government databases Which cryptocurrency is known as "digital silver" to Bitcoin's "digital gold"? a) Ethereum b) Litecoin c) Ripple d) Monero What is the maximum supply of Bitcoin that will ever exist? a) 21 million b) 100 million c) 1 billion d) Unlimited What is a "fork" in the context of cryptocurrency? a) A tool used for mining
b) A software update c) A split in the blockchain d) A form of encryption Which cryptocurrency is known for its focus on privacy and anonymity? a) Bitcoin b) Ethereum c) Monero d) Ripple What is the term for a sudden and significant decrease in the value of a cryptocurrency? a) Bull market b) Bear market c) Bubble d) Crash What is the name of the process by which transactions are verified and added to the blockchain? a) Confirmation b) Validation c) Consensus d) Authentication What is a "wallet" in the context of cryptocurrency? a) A physical case to hold cryptocurrency b) A digital software used to store, send, and receive cryptocurrency c) A form of cryptocurrency exchange
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