What Do You Know About Cryptocurrency Vocabulary Terms?

  • Question of

    The act of creating or solving codes

    • Cryptocurrency
    • Cryptoscience
    • Cryptography
    • Cryptodiscography

    Correct Wrong

  • Question of

    Government-issued currencies that are not backed by anything physical

    • Money Currencies
    • Fiat Currencies
    • U.S. Currencies
    • Cryptocurrency

    Correct Wrong

  • Question of

    __________means there is no central point of the network. Instead, it is spread over a series of users

    • Centralized
    • Cryptocurrency
    • Blockchain
    • Decentralized

    Correct Wrong

  • Question of

    A radical update to the blockchain that can make previously unvalidated blocks valid or the reverse

    • Hard Fork
    • Metal Fork
    • Soft Fork
    • Spork

    Correct Wrong

  • Question of

    A backwards-compatible change in the blockchain protocol

    • Hard Fork
    • Soft Fork
    • Blockchain
    • Plastic Fork

    Correct Wrong

  • Question of

    One of the most common algorithms in cryptocurrency. It requires miners to mine blocks to validate transactions

    • Proof of Win (POW)
    • Delegated Proof of Stake
    • Blockchain
    • Proof of Work (PoW)

    Correct Wrong

  • Question of

    Requires users to stake some of their cryptocurrency to validate transactions

    • Proof of Stake (PoS)
    • Block
    • Proof of Work (PoW)
    • Centralized

    Correct Wrong

  • Question of

    A variation of Proof of Stake that uses supernodes or masternodes to validate transactions

    • Proof of Stake (PoS)
    • Delegated Proof of Stake (DPoS)

    Correct Wrong

  • Question of

    Stands for ‘decentralized application’, these are applications that are not centralized and work on top of the blockchain

    • BApps
    • Kapps
    • CApps
    • DApps

    Correct Wrong

  • Question of

    A structure that houses cryptocurrency mining equipment

    • Mining
    • Mining Rig
    • A House

    Correct Wrong

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