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Bitcoin numero uno Flashcards | StudBud

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Bitcoin numero uno

11 terms·StudBud Administration·14 plays

A quiz to help with learning about the basics of #bitcoin and the related #economics

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Questions 11

Answers

1
What is Bitcoin?
It is a made-up concept
A cryptocurrency
A traditional currency
A coin used for vending machines
2
What are the risks of owning Bitcoin?
There are none
Chances for steep value decline
Forgetting your wallet seed phrase
Facing a hacker attack
3
How is bitcoin created?
By mining
By mixing multiple kinds of cryptocurrency
By the European union
By the American president
4
What is the approximate current value of bitcoin?
$125000
$98000
$200000
$65000
5
Has Satoshi Nakamoto's identity been revealed?
No
Yes
6
What is the smallest unit of Bitcoin called?
a Bit
Microcoin
a Satoshi
a Bitcent
7
How can you store bitcoin?
In your pocket
In a bank
In a paper wallet
Using dedicated software or hardware
8
What is the history of all bitcoin transactions called?
Blockchain
Record Chain
Cryptochain
Block
9
What is the market cap of bitcoin?
20 million
21 million
17 million
An unlimited amount
10
Why does bitcoin have value?
There is a limited supply
The paper it is printed on has intrinsic value
People believe it to have value
It is usable to purchase things
11
Which cryptocurrency is currently valued the highest?
Bitcoin
Bitcoin cash
XRP
Ethereum