Crypto Trading Multiple Choice Question MCQ
Categories: Crypto Trading
1. The Bitcoin was introduced in this world by? (A) Stuart Haber (B) W. Scott Stornetta (C) Satoshi Nakamoto (D) Dave Bayer Answer : C 2. Bitcoin is a cryptocurrency invented in? (A) 2007 (B) 2008 (C) 2009 (D) 2010 Answer : C 3. Bitcoins are created as a reward for a process known as? (A) Mining (B) Wallet (C) Bubble (D) Ledger Answer : A 4. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger is called a? (A) Cryptocurrency wallet (B) Blockchain (C) Nodes (D) Cryptocurrency Answer : B 5. Which hash function used in Ledger? (A) SHA-64 (B) SHA-128 (C) SHA-256 (D) SHA-512 Answer : C 6. What is the block time of the ledger? (A) 5 mins (B) 8 mins (C) 2 mins (D) 10 mins Answer : D 7. Nakamoto implemented the bitcoin software as open-source code. (A) TRUE (B) FALSE (C) Can be true or false (D) Cannot say Answer : A 8. To claim the reward, a special transaction called a? (A) Nonce (B) Online wallets (C) Hardware wallet (D) Coinbase Answer : D 9. Which of the following statement is true about bitcoin? (A) There is no central server; the bitcoin network is peer-to-peer (B) There is no central storage; the bitcoin ledger is distributed (C) The ledger is public; anybody can store it on their computer (D) All of the above Answer : D 10. Bitcoin have a central authority? (A) TRUE (B) FALSE (C) Can be true or false (D) Can't say Answer : B