Unit 6 Review
Quiz by William Hansen
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25 questions
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- Q1Cryptocurrency is a digital or virtual currency secured by cryptography.truefalseTrue or False30s
- Q2Ethereum is the second-largest cryptocurrency by market cap.truefalseTrue or False32s
- Q3Mining involves solving complex algorithms to validate transactions on the blockchain.truefalseTrue or False34s
- Q4Cryptocurrency is decentralized, meaning it operates without a central authority.truefalseTrue or False35s
- Q5A private key is essential for accessing a cryptocurrency wallet securely.truefalseTrue or False37s
- Q6Market capitalization represents the total value of all coins currently in circulation.truefalseTrue or False39s
- Q7Non-Fungible Tokens (NFTs) are unique digital assets stored on the blockchain.truefalseTrue or False41s
- Q8El Salvador was the first country to adopt Bitcoin as legal tender.truefalseTrue or False42s
- Q9Staking involves pledging funds to validate blockchain transactions and earn rewards.truefalseTrue or False44s
- Q10A hot wallet is a cryptocurrency wallet connected to the internet.truefalseTrue or False45s
- Q11Bitcoin Pizza Day is celebrated because a programmer paid 10,000 BTC for two pizzas in 2010.truefalseTrue or False47s
- Q12Proof of Work (PoW) involves miners solving mathematical problems to validate transactions.truefalseTrue or False49s
- Q13The term “immutable” in blockchain means that recorded data cannot be altered once added.truefalseTrue or False51s
- Q14Market volatility is one of the major risks associated with investing in cryptocurrencies.truefalseTrue or False52s
- Q15Smart contracts are self-executing contracts with terms directly written into code.truefalseTrue or False53s