Cryptocurrency Quiz

1. Who created Bitcoin?

  • A) Vitalik Buterin
  • B) Satoshi Nakamoto
  • C) Charlie Lee
  • D) Gavin Andresen

2. In what year was Ethereum launched?

  • A) 2009
  • B) 2013
  • C) 2015
  • D) 2017

3. What is the main purpose of Bitcoin?

  • A) Smart contracts
  • B) Decentralized applications
  • C) Digital currency
  • D) Cloud storage

4. What algorithm does Bitcoin use for transaction security?

  • A) SHA-256
  • B) Ethash
  • C) Scrypt
  • D) X11

5. Which cryptocurrency has a capped supply of 21 million coins?

  • A) Ethereum
  • B) Ripple
  • C) Bitcoin
  • D) Litecoin

6. What is the native cryptocurrency of the Ethereum platform?

  • A) Bitcoin
  • B) Litecoin
  • C) Ripple
  • D) Ether

7. What consensus mechanism is Ethereum transitioning to?

  • A) Proof of Work (PoW)
  • B) Proof of Stake (PoS)
  • C) Delegated Proof of Stake (DPoS)
  • D) Proof of Authority (PoA)

8. How long does it typically take to add a block to the Bitcoin blockchain?

  • A) 1 minute
  • B) 5 minutes
  • C) 10 minutes
  • D) 15 minutes

9. What is used to pay for transaction fees and computational services in Ethereum?

  • A) Gas
  • B) Coins
  • C) Tokens
  • D) Credits

10. Which cryptocurrency is more focused on enabling smart contracts and decentralized applications?

  • A) Bitcoin
  • B) Ethereum
  • C) Ripple
  • D) Litecoin