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Crypto Quiz @RaRa
Generated with Google Forms document
What is the role of a smart contract in blockchain technology?
Ensuring network security
Verifying cryptocurrency transactions
Regulating cryptocurrency supply
Facilitating automated transactions
What is the purpose of a nonce in cryptocurrency mining?
A. To verify transactions
C. To solve the cryptographic puzzle
B. To create a new block
D. To secure the network
What is the concept of 'gas' in the Ethereum blockchain?
E. None of the above
C. Smart contract
B. Digital currency
A. Fuel for transactions
D. Decentralized exchange
What is the role of a blockchain node in a decentralized network?
Executing smart contracts
Storing private keys
Validating transactions
Generating new coins
What is the primary function of a blockchain in cryptocurrency?
B) To enable reversible transactions
C) To provide a secure, immutable ledger of transactions
A) To store personal data of users
D) To control the price of cryptocurrencies
What is the role of a cryptocurrency wallet?
Managing social media accounts
Sending and receiving emails
Storing physical currency
Storing and managing digital assets
What is the maximum supply of Bitcoin (BTC)?
A) 21 million
C) 18 million
B) 25 million
D) 28 million
Which of the following is a feature of a decentralized exchange (DEX)?
D) Only trades Bitcoin
A) Central authority controlling transactions
B) Peer-to-peer trading without intermediaries
C) Higher transaction fees compared to centralized exchanges
What is the purpose of mining in a Proof-of-Work (PoW) blockchain?
C) To validate and add new transactions to the blockchain
D) To hack other blockchains
A) To decrease the supply of the cryptocurrency
B) To create new wallets for users
Which of the following is a commonly used consensus mechanism in cryptocurrencies?
A) Proof-of-Stake (PoS)
D) Proof-of-Mining (PoM)
C) Proof-of-Identity (PoI)
B) Proof-of-Transaction (PoT)
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