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