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