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