Question 1

What is the definition of cryptocurrency?

Accepted Answer

A digital or virtual currency that uses cryptography for security

Answer

A digital or virtual currency that uses biometrics for security

Answer

A digital or virtual currency that uses geolocation for security

Answer

A physical currency that uses cryptography for security

Question 2

What is the most well-known cryptocurrency?

Accepted Answer

Bitcoin

Answer

Ethereum

Answer

Litecoin

Answer

Ripple

Question 3

What is a blockchain?

Accepted Answer

A decentralized, digital ledger that records cryptocurrency transactions

Answer

A centralized, physical ledger that records cryptocurrency transactions

Answer

A centralized, digital ledger that records cryptocurrency transactions

Answer

A decentralized, physical ledger that records cryptocurrency transactions

Question 4

What is a public key in cryptocurrency?

Accepted Answer

A publicly-viewable address used to receive cryptocurrency

Answer

A publicly-viewable address used to send cryptocurrency

Answer

A private address used to receive cryptocurrency

Answer

A private address used to send cryptocurrency

Question 5

What is a private key in cryptocurrency?

Accepted Answer

A secret code used to access and transfer cryptocurrency

Answer

A publicly-viewable code used to access and transfer cryptocurrency

Answer

A publicly-viewable code used to receive cryptocurrency

Answer

A secret code used to receive cryptocurrency

Question 6

What is mining in cryptocurrency?

Accepted Answer

The process of verifying and adding transactions to the blockchain

Answer

The process of exchanging cryptocurrency for traditional currency

Answer

The process of sending cryptocurrency to another user

Answer

The process of creating new units of cryptocurrency

Question 7

What is a fork in cryptocurrency?

Accepted Answer

A split in the blockchain resulting in two separate versions

Answer

A transfer of cryptocurrency from one user to another

Answer

An update to the software used to access cryptocurrency

Answer

A merger of two different cryptocurrencies

Question 8

What is a smart contract in cryptocurrency?

Accepted Answer

A self-executing contract with the terms of the agreement directly written into code

Answer

A contract between two users that is not executed until a later date

Answer

A contract that is executed manually by a third party

Answer

A contract that is not executed if certain conditions are not met

Question 9

What is a wallet in cryptocurrency?

Accepted Answer

A digital program used to store, send, and receive cryptocurrency

Answer

A physical device used to store, send, and receive cryptocurrency

Answer

A digital device used to store, send, and receive cryptocurrency

Answer

A physical program used to store, send, and receive cryptocurrency

Question 10

What is a cold wallet in cryptocurrency?

Accepted Answer

A wallet that is not connected to the internet

Answer

A wallet that is connected to the internet

Answer

A wallet that is connected to a public network

Answer

A wallet that is connected to a private network

Related quizzes

Related quizzes