What is the underlying technology behind cryptocurrencies like Bitcoin and Ethereum?
A) Blockchain
B) Artificial Intelligence
C) Quantum Computing
D) Cloud Computing
Answer: A) Blockchain1.
Which cryptocurrency was the first to be created and introduced in 2009?
A) Ethereum
B) Ripple (XRP)
C) Litecoin (LTC)
D) Bitcoin (BTC)
Answer: D) Bitcoin (BTC)1.
What is the maximum supply limit for Bitcoin?
A) 21 million
B) 100 million
C) 1 billion
D) Unlimited
Answer: A) 21 million1.
What is the process by which new Bitcoins are generated and added to the network?
A) Mining
B) Staking
C) Minting
D) Trading
Answer: A) Mining1.
Which cryptocurrency aims to provide privacy and anonymity for its users?
A) Ethereum
B) Monero (XMR)
C) Cardano (ADA)
D) Chainlink (LINK)
Answer: B) Monero (XMR)1.
What is the term for a digital wallet used to store cryptocurrencies securely?
A) Ledger
B) Vault
C) Exchange
D) Wallet
Answer: D) Wallet1.
Which cryptocurrency is often referred to as “digital silver” to Bitcoin’s “digital gold”?
A) Ripple (XRP)
B) Litecoin (LTC)
C) Stellar (XLM)
D) Dogecoin (DOGE)
Answer: B) Litecoin (LTC)1.
What is the purpose of a smart contract in the Ethereum network?
A) To facilitate peer-to-peer transactions
B) To provide privacy for users
C) To create decentralized applications (DApps)
D) To mine new Ether
Answer: C) To create decentralized applications (DApps)1.
Which cryptocurrency is associated with the concept of “proof of stake” (PoS) consensus mechanism?
A) Bitcoin (BTC)
B) Ethereum (ETH)
C) Cardano (ADA)
D) Ripple (XRP)
Answer: C) Cardano (ADA)1.
What is the term for a non-fungible token (NFT) that represents ownership of a unique digital asset?
A) Stablecoin
B) Utility token
C) Governance token
D) NFT
Answer: D) NFT1.
Follow to explore more about the fascinating world of cryptocurrencies! 🚀💰