A) A government-issued currency. B) A physical coin made of precious metals. C) A digital or virtual currency secured by cryptography. D) A type of stock market investment.
A) A distributed, decentralized, public ledger. B) A type of computer virus. C) A form of cloud storage. D) A centralized database controlled by one entity.
A) Verifying and adding new transactions to the blockchain. B) Manufacturing cryptocurrency tokens. C) Digging for physical coins in the ground. D) Selling cryptocurrency on an exchange.
A) A bank account for cryptocurrency. B) A software or hardware device used to store private keys. C) A physical wallet for holding cash. D) A stock brokerage account.
A) A secret code that allows you to access and control your cryptocurrency. B) A password for your cryptocurrency exchange account. C) The public address where you receive cryptocurrency. D) The name of your cryptocurrency wallet.
A) An address used to receive cryptocurrency. B) A secret code to spend cryptocurrency. C) A personal identification number. D) The owner's social security number.
A) To regulate the price of the currency. B) To secure transactions and control the creation of new units. C) To make the currency difficult to understand. D) To make the currency look aesthetically pleasing.
A) Distribution of control and decision-making away from a central authority. B) Control by a stock exchange. C) Centralized control by a single entity. D) Regulation by a government agency.
A) A government-backed digital currency. B) A company that sells cryptocurrency wallets. C) The first decentralized cryptocurrency. D) A type of banking institution.
A) A type of hardware wallet. B) A blockchain platform with smart contract functionality. C) A competitor to Bitcoin mining hardware. D) A financial institution.
A) Verbal agreements between parties. B) Contracts that require lawyers to execute. C) Physical contracts written on paper. D) Self-executing contracts with the terms directly written into code.
A) A type of stock option. B) A cryptocurrency with a highly volatile price. C) A cryptocurrency designed to maintain a stable value. D) A government-issued digital currency.
A) The number of transactions processed per second. B) The stability of the price over time. C) The amount of electricity used for mining. D) The degree of price fluctuation over time.
A) A place where you can mine cryptocurrencies. B) A government agency that regulates cryptocurrencies. C) A place to store physical cryptocurrency coins. D) A platform where you can buy, sell, and trade cryptocurrencies.
A) Distributed Federal Investments. B) Deflationary Economics. C) Decentralized Finance. D) Department of Financial Institutions.
A) New Financial Technologies. B) National Finance Transfers. C) Negotiable Future Transactions. D) Non-Fungible Tokens.
A) A type of cryptocurrency exchange. B) A radical change to the protocol of a blockchain. C) A minor update to a cryptocurrency wallet. D) A tax on cryptocurrency transactions.
A) A radical change to the protocol of a blockchain. B) A type of cryptocurrency wallet. C) The process of mining new cryptocurrency. D) A backward-compatible change to the protocol of a blockchain.
A) A type of cryptocurrency. B) A reward given to miners. C) A fee required to execute transactions or smart contracts. D) A unit of energy used for mining.
A) The privacy of transactions on a blockchain. B) The security of a cryptocurrency wallet. C) The price stability of a cryptocurrency. D) The ability of a blockchain to handle a large number of transactions.
A) A type of cryptocurrency wallet. B) A way to steal cryptocurrency. C) A system where users vote on new transactions. D) A consensus mechanism where miners solve complex computational problems.
A) A system where miners solve complex computational problems. B) A type of hardware wallet. C) A way to print new cryptocurrency. D) A consensus mechanism where validators stake their cryptocurrency to validate transactions.
A) When a cryptocurrency loses 51% of its value. B) When a single entity controls more than 50% of the network's mining power. C) When a hacker steals 51% of the cryptocurrency on an exchange. D) When a government bans cryptocurrency in 51 countries.
A) The risk of government regulation. B) The risk that cryptocurrency can be spent more than once. C) The risk of losing your private key. D) The risk of a hard fork.
A) A waiting area for transactions before they are confirmed on the blockchain. B) A government agency. C) A mining pool. D) A type of cryptocurrency wallet.
A) Rewriting the blockchain's original code. B) Upgrading the hardware of mining computers. C) Protocols built on top of a blockchain to improve transaction speed and scalability. D) Storing cryptocurrency in a physical vault.
A) Distributed Automated Output. B) Digital Accounting Office. C) Department of Advanced Operations. D) Decentralized Autonomous Organization.
A) To mine cryptocurrency. B) To actively trade cryptocurrency. C) To hold onto your cryptocurrency for the long term. D) To sell all your cryptocurrency.
A) Keep Your Coins. B) Known Yearly Commissions. C) Key Yielding Cryptocurrency. D) Know Your Customer, a process of verifying users' identities.
A) To mine cryptocurrency. B) To create new cryptocurrencies. C) To store cryptocurrency. D) To view transactions and other information on a blockchain. |