Bitcoin Quiz Answers 100% Score Be Quizzed

Bitcoin Quiz Answers

Bitcoin Quiz Answers From Be Quizzed Total 20 Questions Answers

1. BITCOIN USES __TECHNOLOGY TO OPERATE WITH NO CENTRAL AUTHORITY

Mentor-to-Mentee
Peer-to-peer
Administrator-to-Subject
Miner-to-Buyer

Right Answer: Peer-to-peer

2.VERSION 1. BITCOIN TRANSACTIONS ARE ALL OF THESE EXCEPT?

Permissionless
Anonymous
Private
Reversible

Right Answer: Reversible

2.VERSION 2. WHAT DID SATOSHI NAKOMOTO HARD CODE INTO THE GENESIS BLOCK?

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
Men make counterfeit money; in many more cases, money makes counterfeit men.
A wise man should have money in his head, but not in his heart.
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

Right Answer: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

3. WHICH OF THESE DESCRIBES A DEAD BITCOIN?

A bitcoin that has been hacked and stolen.
A bitcoin that has been used in an illegal transaction.
A bitcoin which can no longer be accessed.
A bitcoin which has corrupted and lost its value.

Right Answer: A bitcoin which can no longer be accessed.

4. WHAT WAS SILK ROAD?

A piece of code that is apart of the blockchain technology.
A bitcoin wallet used to store bitcoins offline.
A reddit group dedicated ton bitcoin technology.
An online marketplace where illegal goods were purchased with bitcoin.

Right Answer: An online marketplace where illegal goods were purchased with bitcoin.

5.VERSION 1. WHAT WAS THE STARTING PRICE FOR ONE BITCOIN IN 2009?

$.005
$.03
$.0001
$.015

Right Answer: $.0001

5.VERSION 2. WHAT IS A PRIVATE KEY IN BITCOIN?

A point on the elliptic curve
The password generated from the public key through modular arithmetic and SHA-256
A mode of turning off your wallet so no one can see your transaction history
A multiplier of the generator point on the elliptic curve

Right Answer: The password generated from the public key through modular arithmetic and SHA-256

6. WHEN DO BITCOIN BLOCK REWARDS CHANGE FOR MINERS?

After 300,000 blocks
After 430,000 blocks
After 210,000 blocks
After 180,000 blocks

Right Answer: After 210,000 blocks

7.VERSION 1. WHAT IS THE CURRENT BLOCK REWARD FOR MINERS?

12.5 BTC
25 BTC
6.25 BTC
3.125 BTC

Right Answer: 6.25 BTC

7.VERSION 2. WHERE IS BITCOIN ILLEGAL?

Ecuador
Canada
Spain
Australia

Right Answer: Ecuador

8. WHAT IS THE SMALLEST UNIT OF BITCOIN CALLED?

Satoshi
Millibit
Fillmore
Finney

Right Answer: Satoshi

9. WHICH ONE OF THESE YEARS WAS THE LEAST VOLATILE FOR BITCOIN?

2010
2012
2015
2016

Right Answer: 2016

10.VERSION 1. WHAT IS THE LARGEST AMOUNT OF BITCOINS TO EVER BE PRODUCED?

132 million
184 billion
21 million
32 billion

Right Answer: 184 billion

10.VERSION 2. WHAT DOES SATOSHI NAKOMOTO LOOSELY TRANSLATE TO?

Wise Future Thought
Inside Teacher Origin
Balanced Inside Origin
Wise Inside Foundation

Right Answer: Wise Future Thought

11. WHICH ONE OF THESE BITCOIN HACKS LEAD TO THE LARGEST LOSS SO FAR?

Bitfinex Hack
Mt. Gox Collapse
Coincheck Hack
Govex Collapse

Right Answer: Mt. Gox Collapse

12. WHICH PERFORMER WAS THE FIRST TO START ACCEPTING THE DIGITAL CURRENCY FOR THEIR RECORDS?

50 Cent
Childish Gambino
Jamie Foxx
DJ Khaled

Right Answer: 50 Cent

13. WHICH OF THESE FEATURES IS PRESENT IN BITCOIN?

Smart Contracts
Turing Completeness
Delegated Proof-of-Stake
Automated Security

Right Answer: Smart Contracts

14. WHAT ARE BITCOIN FUTURES?

Price prediction horoscopes for Bitcoin
A financial instrument giving you the right to always buy Bitcoin at a cheaper price
A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date
A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given date that is at least one year in the future

Right Answer: A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date

15. WHAT IS INCLUDED IN A BLOCK HASH?

All the transactions combined end to end separated by commas
The timestamp when all the miners started working on the block
The next block hash in the blockchain
The nonce used to achieve the difficulty required

Right Answer: The nonce used to achieve the difficulty required

16. WHAT IS A PAYMENT DISTRIBUTION METHOD FOR A MINING POOL?

Estimated Moving Average
Pay per Last N Shares
Triple Geometric Method
Fibonacci Selection

Right Answer: Pay per Last N Shares

17. WHAT IS A NONCE?

The transaction id number
A miners ASIC chip array
The generator point used in elliptic curve cryptography
The number of miners run through to generate a correct hash

Right Answer: The number of miners run through to generate a correct hash

18. WHAT IS THE HISTORY OF BITCOIN MINING IN TERMS OF HARDWARE USE CHRONOLOGICALLY

CPU – GPU – FPGA – ASIC
GPU – CPU – FPGA – ASIC
GPU – CPU – ASIC – FPG
AASIC – FPGA – CPU- GPU

Right Answer: CPU – GPU – FPGA – ASIC

19. WHAT IS A GH/S?

1000 hashes per second
1,000,000 hashes per second
1,000,000,000 hashes per second
1,000,000,000,000 hashes per second

Right Answer: 1,000,000,000 hashes per second

20. WHAT IS A BLOOM FILTER?

A way of lowering the amount of data mobile wallets need to stay up to date
A micro transaction service for music streaming using Bitcoin
A way of sending Bitcoins and verifying the address through proof of address certificates
A full Bitcoin node verifying incoming transactions

Right Answer: A way of lowering the amount of data mobile wallets need to stay up to date