Incredible Crypto Quiz 2. Cryptocurrency, a digital currency, has continued to grow in popularity, becoming more mainstream each day. There are thousands of forms of crypto, each one providing its own unique blockchain and benefits. This is part two in our new series of crypto quizzes. In this second edition quiz, can you prove that you know more than the average crypto investor?

1. WHAT TYPE OF TECHNOLOGY DOES CRYPTOCURRENCY DEPEND ON?

  • Cryptochain
  • Blockchain
  • Bankchain
  • Fiatchain

✔️Right Answer: Blockchain

2. BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR?

  • It is still the only form.
  • 2018
  • 2013
  • 2011

✔️Right Answer: 2011

3. WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERNMENT (SUCH AS PAPER MONEY)?

  • Tangible currency
  • Guber currency
  • Fiat Currency
  • Aubit currency

✔️Right Answer: Fiat Currency

  • Stellar
  • VeChain
  • Amp
  • Ethereum

✔️Right Answer: Ethereum

5. WHAT WAS THE FIRST FORM OF CRYPTO?

  • Bitcoin
  • Litecoin
  • Ethereum
  • Stellar

✔️Right Answer: Bitcoin

6. CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?

  • Technological
  • Advanced
  • Decentralized
  • Unconnected

✔️Right Answer: Decentralized

7. WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?

  • Barry Silbert
  • Satoshi Nakamoto
  • Nick Szabo
  • Bill Gates

✔️Right Answer: Satoshi Nakamoto

8. POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?

  • Ethereum
  • Bitcoin Cash
  • Chainlink
  • Bitcoin

✔️Right Answer: Ethereum

9. WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?

  • Hammering
  • Conducting
  • Engineering
  • Mining

✔️Right Answer: Mining

10. HOW MANY BITCOINS CAN EVER EXIST?

  • 15 Million
  • 21 Million
  • 50 Million
  • Infinite amount

✔️Right Answer: 21 Million

11. WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?

  • 2030
  • 2040
  • 2050
  • 2060

✔️Right Answer: 2040

12. WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?

  • Germany
  • Russia
  • United States
  • China

✔️Right Answer: China

13. WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?

  • Satoshi
  • Bitoshi
  • Nanocoin
  • Ether

✔️Right Answer: Satoshi

14. WHAT DOES P2P STAND FOR?

  • Password to Password
  • Password to Product
  • Peer to Peer
  • Product to Peer

✔️Right Answer: Peer to Peer

15. WHAT IS A NODE?

  • A crypto blockchain
  • A blockchain transaction
  • A computer connected to a crypto network
  • An offline storage for cryptocurrency

✔️Right Answer: A computer connected to a crypto network

16. WHAT IS A DAPP?

  • A decentralized application
  • A demonetized application
  • A diluted application
  • A defined application

✔️Right Answer: A decentralized application

17. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?

  • Fork
  • Hard Break
  • Splinter
  • Rupture

✔️Right Answer: Fork

18. WHAT IS COLD STORAGE

  • A crypto exchange
  • A way of holding cryptocurrency offline
  • A way of holding cryptocurrency online
  • A way to mine cryptocurrency

✔️Right Answer: A way of holding cryptocurrency offline

19. WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?

  • Vitalik Buterin
  • Satoshi Nakamoto
  • Jackson Palmer
  • Elon Musk

✔️Right Answer: Vitalik Buterin

20. WHAT IS ETHEREUM?

  • A Bitcoin token
  • A blockchain platform with its own currency
  • A Bitcoin mining platform
  • A process of pricing crypto transactions

✔️Right Answer: A blockchain platform with its own currency

21. WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?

  • Bridges
  • Defi
  • Halving
  • Proof of Work

✔️Right Answer: Proof of Work

22. WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?

  • Proof of Stake
  • Private Keys
  • Immutability
  • Network Regulated Security

✔️Right Answer: Immutability

23. WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWN AS?

  • Black Paper
  • White Paper
  • Green Paper
  • Red Paper

✔️Right Answer: White Paper

24. HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?

  • 30 seconds
  • 1 minute
  • 10 minutes
  • 30 minutes

✔️Right Answer: 10 minutes

25. HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?

  • 24 hours a day/7 days a week
  • 9:30am-4:30pm/ Monday-Friday
  • 9:30am-4:30pm/ Monday-Saturday
  • 12am-5pm/ Saturday and Sunday

✔️Right Answer: 24 hours a day/7 days a week