VideoQuizHero Bitcoin Quiz

VideoQuizHero Bitcoin Quiz Answers

1. BITCOIN USES ________ TECHNOLOGY TO OPERATE WITH NO CENTRAL AUTHORITY

1. BITCOIN USES ________ TECHNOLOGY TO OPERATE WITH NO CENTRAL AUTHORITY

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

2. BITCOIN TRANSACTIONS ARE ALL OF THESE EXCEPT?

2. BITCOIN TRANSACTIONS ARE ALL OF THESE EXCEPT?

Options
Permissionless
Anonymous
Private
Reversible

3. WHICH OF THESE DESCRIBES A DEAD BITCOIN?

3. WHICH OF THESE DESCRIBES A DEAD BITCOIN?

Options
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.

4. WHAT WAS SILK ROAD?

4. WHAT WAS SILK ROAD?

Options
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.

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

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

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

6. WHEN DO BITCOIN BLOCK REWARDS CHANGE FOR MINERS?

6. WHEN DO BITCOIN BLOCK REWARDS CHANGE FOR MINERS?

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

7. WHAT IS THE CURRENT BLOCK REWARD FOR MINERS?

7. WHAT IS THE CURRENT BLOCK REWARD FOR MINERS?

Options
12.5 BTC
25 BTC
6.25 BTC
3.125 BTC

8. WHAT IS THE SMALLEST UNIT OF BITCOIN CALLED?

8. WHAT IS THE SMALLEST UNIT OF BITCOIN CALLED?

Options
Satoshi
Millibit
Fillmore
Finney

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

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

Options
2010
2012
2015
>2016

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

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

Options
132 million
184 billion
21 million
32 billion

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

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

Options
Bitfinex Hack
Mt. Gox Collapse
Coincheck Hack
Govex Collapse

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

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

Options
50 Cent
Childish Gambino
Jamie Foxx
DJ Khaled

13. WHICH OF THESE FEATURES IS PRESENT IN BITCOIN?

13. WHICH OF THESE FEATURES IS PRESENT IN BITCOIN?

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

14. WHAT ARE BITCOIN FUTURES?

14. WHAT ARE BITCOIN FUTURES?

Options
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

15. WHAT IS INCLUDED IN A BLOCK HASH?

15. WHAT IS INCLUDED IN A BLOCK HASH?

Options
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

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

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

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

17. WHAT IS A NONCE?

17. WHAT IS A NONCE?

Options
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

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

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

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

19. WHAT IS A GH/S?

19. WHAT IS A GH/S?

Options
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

20. WHAT IS A BLOOM FILTER?

20. WHAT IS A BLOOM FILTER?

Options
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

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