stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Bitcoin (Crypto) Flashcards | StudBud
Explore
/
Bitcoin (Crypto)
Bitcoin (Crypto)
10 terms
·
StudBud Administration
·
9 plays
A quiz to help with learning about the basics of #bitcoin and the related #economics
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
How is bitcoin secured and verified?
Banks
Trade Exchanges
Cryptography
Advanced Mathematics
2
How is bitcoin discovered/acquired?
Mining it yourself
Buying it using traditional currencies
Solving complex mathematical problems
Paying someone else to mine it for you
3
What is the history of all bitcoin transactions (within a certain range) called?
Blockchain
Cryptochain
Record Chain
Block
4
What is Bitcoin?
A coin used for vending machines
A traditional currency
It is a made-up concept
A cryptocurrency
5
What is the market cap of bitcoin?
21 million
17 million
An unlimited amount
20 million
6
Approximate the circulating supply of bitcoin in the world economy?
An unlimited supply
17 million
21 million
17
7
Which cryptocurrency is currently valued the highest?
Bitcoin
XRP
Ethereum
Bitcoin cash
8
Is buying bitcoin an investment?
Yes
No
9
Why does bitcoin have value?
It is usable to purchase things
People believe it to have value
The paper it is printed on has intrinsic value
There is a limited supply
10
How can you store bitcoin?
In a bank
Using dedicated software or hardware
In a paper wallet
In your pocket
