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