Incredible Crypto Quiz Answers

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Q 1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?

Option:-

• 68,350
• 63,729
• 71,882
• 60,113

Q 2. HOW MUCH ETHER DID A HACKER STEAL IN 2016?

Option:-

• $25 million
• $40 million
• $50 million
• $65 million

Q 3. WHAT IS BITCOIN’S CAP LIMIT?

Enter Your Answer:-

• 21 million

Q Alt 3. WHAT ARE THE DIFFERENT TYPES OF TOKENS?

Option:-

• Platform
• Privacy
• Currency
• All of the Above
• None of the Above

Q 4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

Option:-

• Bitcoin
• Litecoin
• Hashcash
• Digicash

Q Alt 4. WHAT IS A MECHANISM WHERE ONE CRYPTOCURRENCY CAN BE EXCHANGED DIRECTLY FOR ANOTHER CRYPTOCURRENCY?

Enter Your Answer:-

• Atomic Swap

Q 5. WHICH OF THESE IS NOT A QUALITY OF A BLOCKCHAIN?

Option:-

• Structures its data into tables
• Data is chained together
• Decentralized
• Viewed Transparently

Q 6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?

Option:-

• 64 million
• 21 million
• 84 million
• 54 million

Q 7. WHEN DID LITECOIN GO LIVE?

Option:-

• September 24, 2013
• October 13, 2011
• November 2, 2010
• December 23, 2012

Q Alt 7. WHAT DOES P2P STAND FOR?

Option:-

• Password to Peer
• Peer to Peer
• Password to Product
• Password to Password

Q 8. WHICH OF THESE MOST CLOSELY LINES UP WITH THE MEANING OF MINING BITCOIN?

Option:-

• Using your computer to verify the legitimacy of bitcoin transactions.
• Using your computer to discover hidden bitcoin in the blockchain.
• Using your computer to dig up blocks of bitcoin.
• Using your computer to create new bitcoin tokens, which are added to the blockchain.

Q 9. WHAT IS THE BLOCK REWARD FOR DOGECOIN AS OF MAY 11, 2021?

Option:-

• 10,000
• 15,000
• 8,500
• 2500

Q Alt 9. WHAT WAS THE LAUNCH PRICE OF BITCOIN?

Option:-

• $0.24
• $0.004
• $0.0063
• $0.0008

Q Alt 9-2. WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?

Option:-

• A split
• A division
• A sidechain
• A fork

Q 10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:

Option:-

• Cardano
• Stellar
• Chainlink
• Binance Coin

Q 11. WHERE DO BITCOIN TRANSACTION FEES GO?

Option:-

• Satoshi Nakamoto
• Back into the blockchain
• To the bitcoin miner
• Used to create more tokens

Q Alt 11. WHAT IS COLD STORAGE?

Option:-

• A desktop wallet
• Document storage outside of digital devices
• A private key connected to the Internet
• A private key not connected to the Internet

Q 12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?

Option:-

• Dogecoin
• Ethereum
• Stellar XLM
• Binance Coin

Q 13. WHICH OF THESE IS NOT A MAJOR CONCERN WITH ETHEREUM?

Option:-

• Electrical construction of the blockchain
• Energy Consumption from miners
• Environmental impact from the blockchain
• Gas Emissions caused by transactions

Q 14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?

Option:-

• Restaurant tip
• A car
• Rent
• Pizza

Q 15. IN 2009 HOW MUCH WOULD ONE BLOCK EARN A MINER?

Option:-

• 200 BTC
• 50 BTC
• 12.5 BTC
• 25 BTC