Crypto Intermediate Quiz 4 Created on October 29, 2020 By Eddie Vorman Crypto Intermediate Quiz You are no longer a rookie, but you’re still quite far from a crypto master. No worries, you are defiantly on your way! There is no harm in checking how far you’ve gone in your crypto journey. 1 / 10 Let’s start easy, now tell us, what is a Bitcoin Block? Short term for Bitcoin community Minecraft brick A Bitcoin money transaction A set of Bitcoin transactions 2 / 10 What is the Genesis Block? The first block in the Blockchain A popular block among miners The virtual biblical block The first transaction in each block 3 / 10 This question may sound weird, but how long is a Bitcoin Block? 665 Seconds 12 Minutes 23 cm (9.05 inch) Generally 10 minutes 4 / 10 What are Bitcoin Futures? Price prediction horoscopes for Bitcoin A financial instrument that offers you the right to purchase Bitcoin at a lower price A financial instrument that gives you the right to buy a quantity of Bitcoin at a set price at a given future date A financial instrument that offers you the right to purchase an amount of Bitcoin at a set price at a given date that is at least one year in the future 5 / 10 Ok, you are going strong, but do you know what a digital signature is in Bitcoin? The method of creating a Public Key from a Private Key Using your Public Key to sign a transaction Using your Private Key to sign a transaction Checking your blockchain transaction online 6 / 10 What is a nonce? The transaction id number A miners ASIC chip array The generator point used in elliptic curve cryptography The number miners run through to generate a correct hash 7 / 10 What is the name of the research paper that introduced the Bitcoin? Bitcoin: a decentralized electronic cash system Bitcoin: a peer to peer electronic cash system Bitcoin: a peer to peer digital cash system Bitcoin: a peer to peer digital money system 8 / 10 What is Mining in Bitcoin? The process of looking at digital data Keeping the blockchain on your computer Sending multiple transactions into the network Securing the network through Proof of Work 9 / 10 What is a Coinbase or Generation Transaction? The reward miners get for solving a block The average Bitcoin transaction time The largest transaction in a block The last block transaction 10 / 10 What is the Blockchain? A centralized database A set of transactions A set of blocks containing transactions The Bitcoin software protocol Your score isThe average score is 60% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Support Platform Spread Trading Instrument Comments Rating 0 (0 reviews)
