Incredible Crypto Quiz Answers 100% Score Be Quizzed

Incredible Crypto Quiz Answers 100% Score Be Quizzed

Incredible Crypto Quiz Answers

Incredible Crypto Quiz Answers

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1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?

• 68,350
• 63,729
• 71,882
• 60,113

Right Answer: 63,729

2. HOW MUCH ETHER DID A HACKER STEAL IN 2016?

• $25 million
• $40 million
• $50 million
• $65 million

Right Answer: $50 million

3. WHAT IS BITCOIN’S CAP LIMIT?

Right Answer: 21 million

4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

• Bitcoin
• Litecoin
• Hashcash
• Digicash

Right Answer: Digicash

5. WHICH OF THESE IS NOT A QUALITY OF A BLOCKCHAIN?

• Structures its data into tables
• Data is chained together
• Decentralized
• Viewed Transparently

Right Answer: Structures its data into tables

6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?

• 64 million
• 21 million
• 84 million
• 54 million

Right Answer: 84 million

7. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?

Right Answer: Ethereum

8. WHICH OF THESE MOST CLOSELY LINES UP WITH THE MEANING OF MINING BITCOIN?

• Using your computer to verify the legitimacy of bitcoin transactions.
• Using your computer to discover hidden bitcoin in the blockchain.
• Using your computer to dig up blocks of bitcoin.
• Using your computer to create new bitcoin tokens, which are added to the blockchain.

Right Answer: Using your computer to verify the legitimacy of bitcoin transactions.

9. WHAT IS THE BLOCK REWARD FOR DOGECOIN AS OF MAY 11, 2021?

• 10,000
• 15,000
• 8,500
• 2500

Right Answer: 10,000

10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:

• Cardano
• Stellar
• Chainlink
• Binance Coin

Right Answer: Cardano

11. WHERE DO BITCOIN TRANSACTION FEES GO?

• Satoshi Nakamoto
• Back into the blockchain
• To the bitcoin miner
• Used to create more tokens

Right Answer: To the bitcoin miner

12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?

• Dogecoin
• Ethereum
• Stellar XLM
• Binance Coin

Right Answer: Dogecoin

13. WHICH OF THESE IS NOT A MAJOR CONCERN WITH ETHEREUM?

• Electrical construction of the blockchain
• Energy Consumption from miners
• Environmental impact from the blockchain
• Gas Emissions caused by transactions

Right Answer: Electrical construction of the blockchain

14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?

• Restaurant tip
• A car
• Rent
• Pizza

Right Answer: Pizza

15. IN 2009 HOW MUCH WOULD ONE BLOCK EARN A MINER?

• 200 BTC
• 50 BTC
• 12.5 BTC
• 25 BTC

Right Answer: 50 BTC

Incredible Crypto Quiz Answers