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Unit 6 Review

Quiz by William Hansen

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25 questions
Show answers
  • Q1
    Cryptocurrency is a digital or virtual currency secured by cryptography.
    true
    false
    True or False
    30s
  • Q2
    Ethereum is the second-largest cryptocurrency by market cap.
    true
    false
    True or False
    32s
  • Q3
    Mining involves solving complex algorithms to validate transactions on the blockchain.
    true
    false
    True or False
    34s
  • Q4
    Cryptocurrency is decentralized, meaning it operates without a central authority.
    true
    false
    True or False
    35s
  • Q5
    A private key is essential for accessing a cryptocurrency wallet securely.
    true
    false
    True or False
    37s
  • Q6
    Market capitalization represents the total value of all coins currently in circulation.
    true
    false
    True or False
    39s
  • Q7
    Non-Fungible Tokens (NFTs) are unique digital assets stored on the blockchain.
    true
    false
    True or False
    41s
  • Q8
    El Salvador was the first country to adopt Bitcoin as legal tender.
    true
    false
    True or False
    42s
  • Q9
    Staking involves pledging funds to validate blockchain transactions and earn rewards.
    true
    false
    True or False
    44s
  • Q10
    A hot wallet is a cryptocurrency wallet connected to the internet.
    true
    false
    True or False
    45s
  • Q11
    Bitcoin Pizza Day is celebrated because a programmer paid 10,000 BTC for two pizzas in 2010.
    true
    false
    True or False
    47s
  • Q12
    Proof of Work (PoW) involves miners solving mathematical problems to validate transactions.
    true
    false
    True or False
    49s
  • Q13
    The term “immutable” in blockchain means that recorded data cannot be altered once added.
    true
    false
    True or False
    51s
  • Q14
    Market volatility is one of the major risks associated with investing in cryptocurrencies.
    true
    false
    True or False
    52s
  • Q15
    Smart contracts are self-executing contracts with terms directly written into code.
    true
    false
    True or False
    53s

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