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