Quiz 2: Cryptocurrency and How It Works PDF

Module Name: What is cryptocurrency and how does it work? Quiz No: 2 Question Type: Single choice You will get a +1 for a correct answer and -0.5 for skipping or a wrong answer. Serial No 1. 2. 3. 4. 5. 6. 7. Question A digital currency that is secured by cryptography A A. Cryptocurrency B....

Module Name: What is cryptocurrency and how does it work? Quiz No: 2 Question Type: Single choice You will get a +1 for a correct answer and -0.5 for skipping or a wrong answer. Serial No 1. 2. 3. 4. 5. 6. 7. Question A digital currency that is secured by cryptography A A. Cryptocurrency B. Ledger C. Blockchain D. Hash The creator of Bitcoin is B A. Bill Gates B. Satoshi Nakamoto C. Steve Jobs D. Mark Zuckerberg Cryptocurrency needs A A. blockchain technology B. tax evasion C. Euro implementation D. fair trade Ripple is a distributed ledger technology that was created in C _______. A. 2008 B. 2010 C. 2012 D. 2015 Which the is world's first cryptocurrency? A A. Bitcoin B. Ethereum C. Litecoin D. Dogecoin What is a blockchain? A A. A distributed ledger on a peer-to-peer network B. A type of cryptocurrency C. An exchange D. A centralized ledger Where do you store your cryptocurrency? C A. Bank account B. Floppy Disk C. Digital Wallet Answer 8. 9. 10. D. In your pocket Cryptocurrency is a digital payment mechanism that does rely on B banks for transaction verification. A. True B. False Bitcoin was launched in. D A. 2018 B. 2015 C. 2011 D. 2009 Ethereum is the money used by Ethereum, a blockchain platform A created in 2015. A. True B. False