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Cryptocurrencies
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What share of the cryptocurrency market does Bitcoin have?
 
A large share
 
A small share
 
No share
What happens when Bitcoin’s value rises or falls?
 
Other cryptocurrencies are affected
 
Nothing changes
 
Banks close
Does Bitcoin have the highest value in the market?
 
Yes
 
No
 
Sometimes
What does the term "altcoins" mean?
 
Alternative coins
 
Digital wallets
 
Fake money
How does Bitcoin affect other cryptocurrencies?
 
Its value influences them
 
It replaces them
 
It has no effect on them
What makes Bitcoin special?
 
It was the first cryptocurrency
 
It is controlled by the government
 
It has no value
What is Bitcoin?
 
A cryptocurrency
 
A bank
 
A stock
Why is blockchain considered “cooler” than a regular ledger?
 
It is virtual and secure
 
It is made of paper
 
It works offline
How long does a cryptocurrency transaction take?
 
A matter of seconds
 
Several days
 
A few hours
What do miners receive as a reward?
 
A small part of the transacted value
 
A certificate
 
Free internet
Who receives a reward when transactions are validated?
 
The miners
 
The bank
 
The government
What must users do to complete a transaction?
 
Solve cryptographic equations
 
Sign a contract
 
Call customer support
What are the small pieces of a cryptocurrency transaction called?
 
Blocks
 
Chains
 
Coins
Who validates cryptocurrency transactions?
 
Users in the blockchain
 
The government
 
Banks
What happens when a cryptocurrency transaction is made?
 
It is broken into blocks and encrypted
 
It is sent directly to a bank
 
It disappears
What is blockchain similar to?
 
An accounting ledger
 
A diary
 
A bank vault
What is the name of the network that validates cryptocurrency transactions?
 
Blockchain
 
Internet banking
 
Digital wallet
Why are cryptocurrency transactions called decentralized?
 
They are not controlled by any government
 
They are controlled by banks
 
They use cash payments
What do cryptocurrencies use to ensure transactions?
 
Cryptography
 
Secret codes
 
Passwords
What are cryptocurrencies?
 
Virtual currencies
 
Paper money
 
Metal coins
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