What Do You Know About Blockchain & Cryptocurrency

  • Question of

    The total number of coins in a cryptocurrency that are in the publicly tradable space. Some coins can be locked, reserved or burned, therefore unavailable to public trading.

    • Confirmed
    • Circulating Supply
    • Blockchain
    • Decentralized Application

    Correct Wrong

  • Question of

    A computer program that utilizes a blockchain for data storage, runs autonomously, is not controlled or operated from a single entitiy, is open source and has its use incentivized by the reward of fees or tokens.

    • Bitcoin
    • Cryptocurrency
    • Blockchain
    • Decentralized Application

    Correct Wrong

  • Question of

    Something every cryptocurrency coin has that’s unique and identifies where it sits on the blockchain. It’s where the coin’s ownership data is stored and where any changes are registered when it is traded.

    • Address
    • Block
    • Blockchain
    • Cryptography

    Correct Wrong

  • Question of

    Bitcoin was the first and is the most successful of all the cryptocurrencies. All the other coins are grouped together under this category.

    • Bitcoin
    • Cryptocurrency
    • Altcoins
    • Circulating Supply

    Correct Wrong

  • Question of

    The blockchain is made up of these and each one holds a historical database of all cryptocurrency transactions made until it’s full. It’s a permanent record, like a bag of data that can be opened and viewed at any time.

    • Bitcoin
    • Block
    • Blockchain
    • Address

    Correct Wrong

  • Question of

    A digital ledger of all the transactions ever made in a particular cryptocurrency and is repeatedly copied and saved onto thousands of computers all around the world, and it must always match each copy. As there is no master copy stored in one location, it’s considered decentralized.

    • Cryptography
    • Bitcoin
    • Blockchain
    • Decentralized Application

    Correct Wrong

  • Question of

    The very first cryptocurrency. It was created in 2008 by an individual or group of individuals operating under the name Satoshi Nakamoto. It was intended to be a peer-to-peer, decentralized electronic cash system.

    • Crytocurrency
    • Blockchain
    • Bitcoin
    • Altcoins

    Correct Wrong

  • Question of

    A form of money that exists as encrypted, digital information. Operating independently of any banks and uses sophisticated mathematics to regulate the creation and transfer of funds between entities.

    • Bitcoin
    • Decentralized Application
    • Circulating Supply
    • Cryptocurrency

    Correct Wrong

  • Question of

    The process of encrypting and decrypting information.

    • Decentralized Application
    • Cryptography
    • Cryptocurrency
    • Block

    Correct Wrong

  • Question of

    When a transaction has been confirmed, it means it has been approved by the network and permanently appended to the blockchain.

    • Address
    • Confirmed
    • Circulating Supply
    • Block

    Correct Wrong

Check your answers:

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What Do You Know About Cryptocurrency Basic Info?

What Do You Know About Bitcoin Vs Ethereum Vs Dogecoin?