CryptoCoin Beginner

What are the different types of tokens?

Currency

Privacy

Platform

All of the above

Which is the most popular Crypto Currency?

Litecoin

Dash

Bitcoin

Dogecoin

How often does the Bitcoin block reward halve?

Every 210,000 blocks or every four years

Every 6 months or 25,000 blocks

2 Years or 100,000 blocks

It doesn't

What is a Paper Wallet?

A piece of paper with your secret/private key on it

A way of making Bitcoin intangible

A false wallet used in the Mt Gox scandal

A one time use wallet

What does P2P stand for?

Password to Password

Private Key to Public Key

Peer to Peer

Product to Product

Who created Bitcoin?

Satoshi Nakamoto

John Mcafee

China

Samsung

How does the Bitcoin Protocol Work?

It is de-centralised

It is owned by the Bitcoin Foundation

Skynet

It is centralised

What is a blockchain?

An exchange

A distributed ledger on a peer to peer network

A type of cryptocurrency

A centralized ledger

What is Hashing?

A way of selling drugs on the darknet

A one way conversion of a string to another string

Donald Trumps's mental process

Coding in Bitcoin using C#

Where can you buy cryptocurrency?

A bitcoin ATM

An exchange

A private transaction

All of the above

Which is NOT apart of asymmetric encryption?

Private Key

Public key

Passphrase

Mining

How do you create Bitcoin?

You ask for it

You mine it

You make it

You dig it!

Which Exchange filed for Bankruptcy in February 2014?

Bitcoin Global Exchange

Bitcoin Bible

Mt Gox

Coin'o'mart

Where is the LEAST SAFE place to keep your cryptocurrency?

At your work desk

In your pocket

On an exchange

On a hot wallet

How do Bitcoin Miners make money?

Through transaction fees and the block reward

Transaction fees only

They go to work at the local mine

The block reward only

What is a miner?

Computers that validate and process blockchain transactions

A type of blockchain

An algorithm that predicts the next part of the chain

A person doing calculations to verify a transaction

What technology is Bitcoin built on?

Javascript

The famous Volkswagon Eco engine

The Blockchain

Telepathy

What can't you pay for with Bitcoin?

You can buy almost anything

University Fees

Other Crypto Currencies or Assets

Property

What is a Bitcoin Hardware Wallet?

A bearer certificate that you have in your possession

A dedicated piece of hardware with high levels of security for storing your Bitcoins

A household safe with Bitcoins in it that cannot be broken into

A wallet on your mobile phone

How many Bitcoins will there ever be?

50 million

10 million

14 million

21 million

What is a node?

A blockchain

A computer on a blockchain network

A type of cryptocurrency

An exchange

Where do you store your cryptocurrency?

In your pocket

Floppy Disk

Bank account

Wallet