10 Questions
What is the primary purpose of Bitcoin?
To act as a currency
What is the main difference between coins and tokens?
Coins are backed by a blockchain
What is the most common method of earning coins?
Mining on the Proof of Work system
What is the main goal of the Proof of Stake system?
To reduce energy consumption
Which of the following companies accept Bitcoin as payment?
Amazon
What makes the Bitcoin blockchain unique?
It is encrypted
What is the official currency of El Salvador?
Bitcoin
What is the main advantage of the Proof of Work system?
It has a higher reward
What is the primary benefit of using crypto coins?
Transparency
What is the main difference between Bitcoin and Ethereum?
Ethereum is decentralized while Bitcoin is not
Test your knowledge of Bitcoin and cryptocurrency with this quiz. Explore the primary purpose of Bitcoin, differences between coins and tokens, methods of earning coins, the goal of the Proof of Stake system, companies accepting Bitcoin as payment, and unique features of the Bitcoin blockchain.
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