Bitcoin Quiz Answers Bequizzed – Bitcoin Decrypted

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Bitcoin Quiz Answers Bequizzed 20 Questions. Bitcoin Quiz from Bequizzed with 100% Correct Answers – Complete your quiz offer with 100% accuracy and get free Robux.

Click On The Button Below Each Question To See Answer
Question 1. BITCOIN USES ___ TECHNOLOGY TO OPERATE WITH NO CENTRAL AUTHORITY

  • Mentor-to-Mentee
  • Peer-to-peer
  • Administrator-to-Subject
  • Miner-to-Buyer

Peer-to-peer

Question 2. BITCOIN TRANSACTIONS ARE ALL OF THESE EXCEPT?

  • Permissionless
  • Anonymous
  • Private
  • Reversible

Reversible

Question 3. WHICH OF THESE DESCRIBES A DEAD BITCOIN?

bitcoin quiz answers bequizzed

  • A Bitcoin that has been hacked and stolen
  • A Bitcoin that has been used in an illegal transaction
  • A Bitcoin which can no longer be accessed
  • A Bitcoin which has corrupted and lost its value

A Bitcoin which can no longer be accessed

Question 4. WHAT WAS SILK ROAD?

bitcoin quiz answers bequizzed

  • A piece of code that is apart of the blockchain technology
  • A Bitcoin wallet used to store Bitcoins offline
  • A Reddit group dedicated ton Bitcoin technology
  • An online marketplace where illegal goods were purchased with Bitcoin

An online marketplace where illegal goods were purchased with Bitcoin

Question 5. WHAT WAS THE STARTING PRICE FOR ONE BITCOIN IN 2009?

bitcoin quiz answers bequizzed

$.0001

Question 6. WHEN DO BITCOIN BLOCK REWARDS CHANGE FOR MINERS?

bitcoin quiz answers bequizzed

  • After 300,000 blocks
  • After 430,000 blocks
  • After 210,000 blocks
  • After 180,000 blocks

After 210,000 blocks

Question 7. WHAT IS THE CURRENT BLOCK REWARD FOR MINERS?

bitcoin quiz answers bequizzed

  • 12.5 BTC
  • 25 BTC
  • 6.25 BTC
  • 3.125 BTC

6.25 BTC

Question 8. WHAT IS THE SMALLEST UNIT OF BITCOIN CALLED?

bitcoin quiz answers bequizzed

  • Satoshi
  • Millibit
  • Fillmore
  • Finney

Satoshi

Question 9. WHICH ONE OF THESE YEARS WAS THE LEAST VOLATILE FOR BITCOIN?

bitcoin quiz answers bequizzed

2016

Question 10. WHAT IS THE LARGEST AMOUNT OF BITCOINS TO EVER BE PRODUCED?

bitcoin quiz answers bequizzed

  • 132 million
  • 184 billion
  • 21 million
  • 32 billion

184 billion

Question 11. WHICH ONE OF THESE BITCOIN HACKS LEAD TO THE LARGEST LOSS SO FAR?

bitcoin quiz answers bequizzed


  • Bitfinex
  • Mt. Gox Collapse
  • Coincheck Hack
  • Govex Collapse

Mt. Gox Collapse

Question 12. WHICH PERFORMER WAS THE FIRST TO START ACCEPTING THE DIGITAL CURRENCY FOR THEIR RECORDS?

bitcoin quiz answers bequizzed

  • 50 Cent
  • Childish Gambino
  • Jamie Foxx
  • DJ Khaled

50 Cent

Question 13. WHICH OF THESE FEATURES IS PRESENT IN BITCOIN?

bitcoin quiz answers bequizzed

  • Smart Contracts
  • Turing Completeness
  • Delegated Proof-of-Stake
  • Automated Security

Smart Contracts

Question 14. WHAT ARE BITCOIN FUTURES?

bitcoin quiz answers bequizzed

  • Price prediction horoscopes for Bitcoin
  • A financial instrument giving you the right to always buy Bitcoin at a cheaper price
  • A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date
  • A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given date that is at least one year in the future

A financial instrument giving you the right to buy a quantity of Bitcoin at a set price at a given future date

Question 15. WHAT IS INCLUDED IN A BLOCK HASH?

bitcoin quiz answers bequizzed

  • All the transactions combined end to end separated by commas
  • The timestamp when all the miners started working on the block
  • The next block hash in the blockchain
  • The nonce used to achieve the difficulty required

The nonce used to achieve the difficulty required

Question 16. WHAT IS A PAYMENT DISTRIBUTION METHOD FOR A MINING POOL?

  • Estimated Moving Average
  • Pay per Last N Shares
  • Triple Geometric Method
  • Fibonacci Selection

Pay per Last N Shares

Question 17. WHAT IS A NONCE?

bitcoin quiz answers bequizzed

  • The transaction ID number
  • A miners ASIC chip array
  • The generator point used in elliptic curve cryptography
  • The number of miners run through to generate a correct hash

The number of miners run through to generate a correct hash

Question 18. WHAT IS THE HISTORY OF BITCOIN MINING IN TERMS OF HARDWARE USE CHRONOLOGICALLY

  • CPU – GPU – FPGA – ASIC
  • GPU – CPU – FPGA – ASIC
  • GPU – CPU – ASIC – FPGA
  • ASIC – FPGA – CPU – GPU

CPU – GPU – FPGA – ASIC

Question 19. WHAT IS A GH/S?

  • 1000 hashes per second
  • 1,000,000 hashes per second
  • 1,000,000,000 hashes per second
  • 1,000,000,000,000 hashes per second

1,000,000,000 hashes per second

Question 20. WHAT IS A BLOOM FILTER?

  • A way of lowering the amount of data mobile wallets need to stay up to date
  • A micro transaction service for music streaming using Bitcoin
  • A way of sending Bitcoins and verifying the address through proof of address certificates
  • A full Bitcoin node verifying incoming transactions

A way of lowering the amount of data mobile wallets need to stay up to date

Use these Answers to get a 100% Score in ‘Bitcoin QuizBitcoin Decrypted Quiz’ on Bequizzed to get free Robux.

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