3 Questions
What is the maximum supply of bitcoins that can ever exist?
21 million
What is the process called through which new bitcoins are created and transactions are added to the blockchain?
Mining
Which cryptographic algorithm is used in bitcoin for secure transactions?
SHA-256
Study Notes
Bitcoin Basics
- The maximum supply of bitcoins that can ever exist is 21 million.
Bitcoin Creation and Blockchain
- The process of creating new bitcoins and adding transactions to the blockchain is called mining.
Bitcoin Security
- The cryptographic algorithm used in bitcoin for secure transactions is SHA-256.
Test your knowledge of cryptocurrency fundamentals and bitcoin with this 30-question multiple-choice quiz. Explore topics such as bitcoin supply, blockchain transactions, and cryptographic algorithms. Challenge yourself and expand your understanding of the essentials of cryptocurrency.
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