BeQuizzed Incredible Crypto Quiz

BeQuizzed Incredible Crypto Quiz Answers



BeQuizzed Incredible Crypto Quiz Answers Video

1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?

1. WHAT WAS BITCOIN’S RECORD HIGH PRICE?

Options
68,350
63,729
71,882
60,113

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

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

Options
$25 million
$40 million
$50 million
$65 million

3. WHAT IS BITCOIN’S CAP LIMIT?

3. WHAT IS BITCOIN’S CAP LIMIT?

Type Answer: 21 million

4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

4. WHAT WAS THE EARLIEST ITERATION OF CRYPTOCURRENCIES?

Options
Bitcoin
Litecoin
Hashcash
Digicash 

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

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

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

6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?

6. HOW MANY COINS CAN LITECOIN ACCOMMODATE UP TO?

Options
64 million
21 million
84 million
54 million

7. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?

7. WHAT BLOCKCHAIN ARE MOST NFTS A PART OF?

Type Answer: Ethereum

7 Alt-1. WHEN DID LITECOIN GO LIVE?

7 Alt-1. WHEN DID LITECOIN GO LIVE?

Options
September 24, 2013
October 13, 2011
November 2, 2010
December 23, 2012

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

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

Options
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.
 

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

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

Options
10,000
15,000
8,500
2500

10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:

10. ETHEREUM FOUNDER CHARLES HOSKINSON ALSO FOUNDED THIS CRYPTOCURRENCY:

Options
Cardano
Stellar
Chainlink
Binance Coin

11. WHERE DO BITCOIN TRANSACTION FEES GO?

11. WHERE DO BITCOIN TRANSACTION FEES GO?

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

12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?

12. WHICH OF THESE HAS THE HIGHEST CAP LIMIT?

Options
Dogecoin
Ethereum
Stellar XLM
Binance Coin

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

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

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

14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?

14. WHAT WAS THE FIRST BITCOIN TRANSACTION USED FOR?

Options
Restaurant tip
A car
Rent
Pizza

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

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

Options
200 BTC
50 BTC
12.5 BTC
25 BTC

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