MCQ quiz on Cryptocurrency multiple choice questions and answers on Cryptocurrency MCQ questions on Cryptocurrency objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject.

Cryptocurrency Quiz Question with Answer


1. All blocks contain a link to the previous block, except for

  1. The first block.
  2. Block number 24601.
  3. The second block.
  4. The third block.

2. How many servers are on a decentralized network?

  1. 1
  2. 2
  3. None
  4. All of the Above

3. In the future, Blockchain applications will include

  1. Only transactions involving cryptocurrencies.
  2. Only transactions between companies or government agencies.
  3. Cryptocurrency transactions, transactions between governments, companies and consumers, voting, healthcare and many other applications.
  4. Only transactions within the borders of 1 country.

4. The problem with traditional (non-digitized) ledgers is

  1. Transparency as most people involved in a transaction dont have access to the ledger.
  2. In most cases, there are no backups (or not enough backups) of the ledger.
  3. Fees are usually much higher when using old school / non-digitized ledgers as banks often charge very high fees.
  4. All of the above are correct.

5. What best describes a blockchain?

  1. A distributed ledger on a peer to peer network
  2. A Centralized Database
  3. An Exchange
  4. A type of Cryptocurrency

6. What does P2P stand for?

  1. Peer to Peer
  2. Product to Product
  3. Password to Password
  4. Penguin to Penguin

7. What is a node?

  1. A computer connected to a blockchain network
  2. A blockchain server
  3. A type of cryptocurrency
  4. An Exchange

8. What is the maximum amount of bitcoins that will ever be created?

  1. Infinity, because there is no limit
  2. 21 million
  3. Nobody knows, because its created randomly
  4. Bitcoin isnt real, so none will ever exist

9. What makes cryptocurrency secure?

  1. Servers
  2. Cryptographic Math
  3. Government Banks
  4. Insurance Companies

10. What was FIRST known bitcoin purchase, finally giving it a value?

  1. Tacos
  2. Airfare
  3. Pizza
  4. More Bitcoins

Tags :


Multiple Choice Questions and Answers on Cryptocurrency


Cryptocurrency Multiple Choice Questions and Answers


Cryptocurrency Trivia Quiz


Cryptocurrency Question and Answer PDF Online




Spreading Knowledge Across the World

USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  Netherland  Germany  Sweden  South Africa  Ghana  Tanzania  Nigeria  Kenya  Ethiopia  Zambia  Singapore  Malaysia  India  Pakistan  Nepal  Taiwan  Philippines  Libya  Cambodia  Hong Kong  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  and many more....