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Cryptocurrencies

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