CryptoCoin Beginner

How many Bitcoins will there ever be?

10 million

21 million

14 million

50 million

Where can you buy cryptocurrency?

All of the above

A private transaction

A bitcoin ATM

An exchange

Which Exchange filed for Bankruptcy in February 2014?

Mt Gox

Bitcoin Bible

Coin'o'mart

Bitcoin Global Exchange

Who created Bitcoin?

Samsung

John Mcafee

Satoshi Nakamoto

China

What technology is Bitcoin built on?

The famous Volkswagon Eco engine

The Blockchain

Telepathy

Javascript

What is a miner?

A person doing calculations to verify a transaction

An algorithm that predicts the next part of the chain

Computers that validate and process blockchain transactions

A type of blockchain

Where do you store your cryptocurrency?

Bank account

Wallet

Floppy Disk

In your pocket

How often does the Bitcoin block reward halve?

Every 6 months or 25,000 blocks

It doesn't

Every 210,000 blocks or every four years

2 Years or 100,000 blocks

What is a node?

A type of cryptocurrency

A computer on a blockchain network

A blockchain

An exchange

Which is NOT apart of asymmetric encryption?

Mining

Public key

Private Key

Passphrase

What can't you pay for with Bitcoin?

Other Crypto Currencies or Assets

University Fees

Property

You can buy almost anything

What is a Bitcoin Hardware Wallet?

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

A wallet on your mobile phone

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

A bearer certificate that you have in your possession

What is a blockchain?

An exchange

A type of cryptocurrency

A distributed ledger on a peer to peer network

A centralized ledger

How do you create Bitcoin?

You make it

You ask for it

You mine it

You dig it!

Where is the LEAST SAFE place to keep your cryptocurrency?

On an exchange

In your pocket

On a hot wallet

At your work desk

How do Bitcoin Miners make money?

Through transaction fees and the block reward

Transaction fees only

The block reward only

They go to work at the local mine

What is a Paper Wallet?

A false wallet used in the Mt Gox scandal

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

A way of making Bitcoin intangible

A one time use wallet

What are the different types of tokens?

All of the above

Privacy

Platform

Currency

Which is the most popular Crypto Currency?

Litecoin

Dogecoin

Dash

Bitcoin

How does the Bitcoin Protocol Work?

It is owned by the Bitcoin Foundation

It is de-centralised

It is centralised

Skynet

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#

What does P2P stand for?

Peer to Peer

Private Key to Public Key

Product to Product

Password to Password