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