Incredible Crypto Quiz 2 Answers 100% Score Be Quizzed

Incredible Crypto Quiz 2 From Be Quizzed Total 25 Questions Answers 100% Right Answers 100% Tested quizanswer.us all quiz answers available here.

Incredible Crypto Quiz 2 Answers

  1. Bankchain 
  2. Fiatchain

Answer: Blockchain

BITCOIN WAS THE ONLY FORM OF CRYPTOCURRENCY UNTIL WHAT YEAR?

  1. It is still the only form
  2. 2018
  3. 2013
  4. 2011

Answer: 2011

WHAT IS THE TERM FOR CURRENCY THAT IS REGULATED BY THE GOVERNMENT (SUCH AS PAPER MONEY)?

  1. Tangible currency
  2. Guber currency
  3. Fiat currency
  4. Aubit currency

Answer: Fiat currency

AS OF JULY 2021, WHICH OF THE FOLLOWING IS IN THE TOP 5 MOST POPULAR CRYPTOCURRENCIES?

  1. Stellar
  2. VeChain
  3. Amp
  4. Ethereum

Answer: Ethereum

WHAT WAS THE FIRST FORM OF CRYPTO?

  1. Bitcoin
  2. Litecoin
  3. Ethereum
  4. Stellar

Answer: Bitcoin

CRYPTO IS PART OF A SYSTEM THAT DOES NOT RELY ON A SINGLE PERSON OR ORGANIZATION. WHAT IS THIS TERM?

  1. Technological
  2. Advanced
  3. Decentralized
  4. Unconnected


Answer: Decentralized

WHICH NAME DOES THE ANONYMOUS CREATOR OF BITCOIN GO BY?

  1. Barry Silbert
  2. Satoshi Nakamoto
  3. Nick Szabo
  4. Bill Gates

Answer: Satoshi Nakamoto

POLKADOT AND CARDANO WERE BOTH CREATED BY DIFFERENT PEOPLE, BOTH OF WHICH WERE INITIAL MEMBERS OF WHICH FORM OF CRYPTOCURRENCY?

  1. Ethereum
  2. Bitcoin Cash
  3. Chainlink
  4. Bitcoin

Answer: Ethereum

WHAT IS THE PROCESS OF ADDING AND VERIFYING TRANSACTIONS TO THE BLOCKCHAIN?

  1. Hammering
  2. Conducting
  3. Engineering
  4. Mining


Answer: Mining

HOW MANY BITCOINS CAN EVER EXIST?

  1. 15 Million
  2. 21 Million
  3. 50 Million
  4. Infinite amount
Answer: 21 Million
 


WHAT YEAR IS THE LAST BITCOIN EXPECTED TO BE MINED BY?

  1. 2030
  2. 2040
  3. 2050
  4. 2060

Answer: 2040

WHICH OF THESE COUNTRIES IS THE LARGEST MINER OF BITCOIN?

  1. Germany
  2. Russia
  3. United States
  4. China

Answer: China

WHAT IS THE SMALLEST UNIT OF A BITCOIN CALLED?

  1. Satoshi
  2. Bitoshi
  3. Nanocoin
  4. Ether

Answer: Satoshi

WHAT DOES P2P STAND FOR?

  1. Password to Password
  2. Password to Product
  3. Peer to Peer
  4. Product to Peer

Answer: Peer to Peer

WHAT IS A NODE?

  1. A crypto blockchain
  2. A blockchain transaction
  3. A computer connected to a crypto network
  4. An offline storage for cryptocurrency

Answer: A computer connected to a crypto network

WHAT IS A DAPP?

  1. A decentralized application
  2. A demonetized application
  3. A diluted application
  4. A defined application

Answer: A decentralized application

WHAT IS THE TERM FOR WHEN A BLOCKCHAIN SPLITS?

  1. Fork
  2. Hard Break
  3. Splinter
  4. Rupture

Answer: Fork

WHAT IS COLD STORAGE

  1. A crypto exchange
  2. A way of holding cryptocurrency offline
  3. A way of holding cryptocurrency online
  4. A way to mine cryptocurrency

Answer: A way of holding cryptocurrency offline

WHICH OF THESE PEOPLE IS A CO-FOUNDER OF ETHEREUM?

  1. Vitalik Buterin
  2. Satoshi Nakamoto
  3. Jackson Palmer
  4. Elon Musk

Answer: Vitalik Buterin

WHAT IS ETHEREUM?

  1. A Bitcoin token
  2. A blockchain platform with its own currency
  3. A Bitcoin mining platform
  4. A process of pricing crypto transactions

Answer: A blockchain platform with its own currency

WHAT TERM BEST DESCRIBES A WAY IN WHICH CRYPTOCURRENCY CAN BE VERIFIED?

  1. Bridges
  2. Defi
  3. Halving
  4. Proof of Work

Answer: Proof of Work

WHAT CHARACTERISTIC MAKES BLOCKCHAIN VIRTUALLY TAMPER-PROOF?

  1. Proof of Stake
  2. Private Keys
  3. Immutability
  4. Network Regulated Security

Answer: Immutability

WHAT IS THE NAME OF THE FIRST ACADEMIC PAPER TO DESCRIBE BITCOIN KNOWN AS?

  1. Black Paper
  2. White Paper
  3. Green Paper
  4. Red Paper

Answer: White Paper

HOW LONG DOES IT TAKE TO MINE ONE BLOCK OF BITCOIN?

  1. 30 seconds
  2. 1 minute
  3. 10 minutes
  4. 30 minutes

Answer: 10 minutes

HOW OFTEN CAN YOU TRADE CRYPTOCURRENCY?

  1. 24 hours a day/7 days a week
  2. 9:30am – 4:30pm/Monday-Friday
  3. 9:30am – 4:30pm/Monday-Saturday
  4. 12am – 5pm/Saturday and Sunday

Answer: 24 hours a day/7 days a week.

Incredible Crypto Quiz 2 Answers.

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