Incredible Crypto Quiz. Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.

1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?

  • 68,350
  • 63,729
  • 71,882
  • 60,113

✔️Right Answer: 63,729

2. HOW MUCH ETHER DID A HACKER STEAL IN 2016?

  • $25 million
  • $40 million
  • $50 million
  • $65 million

✔️Right Answer: $50 million

3 VERSION 1. WHAT IS BITCOIN’S CAP LIMIT?

✔️Right Answer: 21 million

3 VERSION 2. WHAT ARE THE DIFFERENT TYPES OF TOKENS?

  • Platform
  • Privacy
  • Currency
  • All of the Above
  • None of the Above

✔️Right Answer: 21 million

4.VERSION 1. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

  • Bitcoin
  • Litecoin
  • Hashcash
  • Digicash

✔️Right Answer: Digicash

4.VERSION 2. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

✔️Right Answer: Atomic Swap

4.VERSION 3. WHAT IS A MECHANISM WHERE ONE CRYPTOCURRENCY CAN BE EXCHANGED DIRECTLY FOR ANOTHER CRYPTOCURRENCY?

✔️Right Answer: Atomic Swap

5. WHICH OF THESE IS NOT A QUALITY OF A BLOCKCHAIN?

  • Structures its data into tables
  • Data is chained together
  • Decentralized
  • Viewed Transparently

✔️Right Answer: Structures its data into tables

6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?

  • 64 million
  • 21 million
  • 84 million
  • 54 million

✔️Right Answer: 84 million

7.VERSION 1. WHEN DID LITECOIN GO LIVE?

  • September 24, 2013
  • October 13, 2011
  • November 2, 2010
  • December 23, 2012

✔️Right Answer: November 2, 2010

7.VERSION 2. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?

✔️Right Answer: Ethereum

7.VERSION 3. WHAT DOES P2P STAND FOR?

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

✔️Right Answer: Peer to Peer

8. WHICH OF THESE MOST CLOSELY LINES UP WITH THE MEANING OF MINING BITCOIN?

  • Using your computer to verify the legitimacy of bitcoin transactions.
  • Using your computer to discover hidden bitcoin in the blockchain.
  • Using your computer to dig up blocks of bitcoin.
  • Using your computer to create new bitcoin tokens, which are added to the blockchain.

✔️Right Answer: Using your computer to verify the legitimacy of bitcoin transactions.

9 VERSION 1. WHAT IS THE BLOCK REWARD FOR DOGECOIN AS OF MAY 11, 2021?

  • 10,000
  • 15,000
  • 8,500
  • 2500

✔️Right Answer: 10,000

9 VERSION 2. WHAT WAS THE LAUNCH PRICE OF BITCOIN?

  • $0.24
  • $0.004
  • $0.0063
  • $0.0008

✔️Right Answer: $0.24

9 VERSION 3. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?

  • A split
  • A division
  • A sidechain
  • A fork

✔️Right Answer: A fork

10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:

  • Cardano
  • Stellar
  • Chainlink
  • Binance Coin

✔️Right Answer: Cardano

11 VERSION 1. WHERE DO BITCOIN TRANSACTION FEES GO?

  • Satoshi Nakamoto
  • Back into the blockchain
  • To the bitcoin miner
  • Used to create more tokens

✔️Right Answer: To the bitcoin miner

11 VERSION 2. WHAT IS COLD STORAGE?

  • A desktop wallet
  • Document storage outside of digital devices
  • A private key connected to the Internet
  • A private key not connected to the Internet

✔️Right Answer: A private key not connected to the Internet

12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?

  • Dogecoin
  • Ethereum
  • Stellar XLM
  • Binance Coin

✔️Right Answer: Dogecoin

13. WHICH OF THESE IS NOT A MAJOR CONCERN WITH ETHEREUM?

  • Electrical construction of the blockchain
  • Energy Consumption from miners
  • Environmental impact from the blockchain
  • Gas Emissions caused by transactions

✔️Right Answer: Electrical construction of the blockchain

14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?

  • Restaurant tip
  • A car
  • Rent
  • Pizza

✔️Right Answer: Pizza

15. IN 2009 HOW MUCH WOULD ONE BLOCK EARN A MINER?

  • 200 BTC
  • 50 BTC
  • 12.5 BTC
  • 25 BTC

✔️Right Answer: 50 BTC