How Bitcoin Works - Time-Stamped Multiple Choice Test
Authored by adam bykofsky
Engineering
7th Grade
Used 6+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Bitcoin primarily known as?
A. A central bank currency
B. A type of virtual currency
C. A form of precious metal
D. A paper-based currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of Bitcoin transactions?
High transaction fees
Always requires a bank
Maintains high anonymity
Uses checks
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who created Bitcoin?
Elon Musk
Jeff Bezos
Satoshi Nakamoto
Vitalik Buterin
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you need to store bitcoins?
Piggy bank
Bank account
Bitcoin wallet
Gold vault
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Bitcoin mining?
Mining gold with machines
Harvesting data for ads
Generating new bitcoins via computing power
A term for selling Bitcoin
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Bitcoin different from traditional currency?
It's issued by the government
It's paper-based
It's decentralized
It's printed by banks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What network does Bitcoin use?
Centralized bank network
P2P network
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