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Crypto Quiz Flashcards | StudBud
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Crypto Quiz
Crypto Quiz
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StudBud Administration
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A quiz to help with learning about the basics of #bitcoin and the related #economics
Flashcards
12 cards
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Practice quiz
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Host live
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Questions
12
Answers
1
What are the risks of bitcoin?
Chances for steep value decline
There are none
Forgetting password
Hacking
2
Cryptocurrency transactions use a lot of energy and natural resources
False
True
3
What is Bitcoin?
A traditional currency
It is a made-up concept
A coin used for vending machines
One type of cryptocurrency
4
How long does it take to process a bitcoin transaction?
One business day
30 seconds to 2 minutes
10-20 minutes
Instant
5
What is the history of cryptocurrency transactions called?
Cryptochain
Blockchain
Block
Record Chain
6
What is the approximate current value of a bitcoin?
$44000
$4400
$10000
$22000
7
Are cryptocurrencies supported by banks or the government?
No
Yes
8
Does the value of a cryptocurrency depend on how many people want to invest in it?
Yes
No
9
Are cryptocurrency transactions anonymous?
Yes
No
10
Is this NFT worth $275,000?
You do you, bro
¯\_(ツ)_/¯
No!
11
Why does cryptocurrency have value?
It is usable to purchase things
People believe it to have value
There is a limited supply
The paper it is printed on has intrinsic value
12
What is the maximum amount of Bitcoin that can be mined?
21 million
An unlimited amount
17 million
20 million
