Intro to Crypto Exam

CRYPTO EXAM

Created on June 30, 2023 By

blkbrd.net

101: Intro to Crypto

The exam portion of the "101: Intro to Crypto" course tests your knowledge and understanding of the key concepts covered throughout the course. It consists of multiple-choice questions that assess your comprehension of topics such as cryptocurrency basics, blockchain technology, wallets, security practices, trading, and the broader implications of cryptocurrencies.

Course Duration: Self-paced, approximately 6 weeks

Prerequisites: None. This course is designed for beginners with no prior knowledge of cryptocurrencies.

1 / 21

Which of the following is an example of a hardware wallet?

Ledger Nano S

Coinbase

MetaMask

2 / 21

What is the term used to describe the process of verifying and adding transactions to the blockchain?

Trading

Mining

Storing

3 / 21

What are Central Bank Digital Currencies (CBDCs)?

Digital representations of fiat currencies issued by central banks

Decentralized currencies not regulated by any central authority

Cryptocurrencies created by commercial banks

4 / 21

What are Central Bank Digital Currencies (CBDCs)?

Digital representations of fiat currencies issued by central banks

Decentralized currencies not regulated by any central authority

Cryptocurrencies created by commercial banks

5 / 21

What is the term used to describe the act of holding onto cryptocurrencies for an extended period with the expectation of price appreciation?

Trading

HODLing

Mining

6 / 21

How can cryptocurrencies potentially impact society?

By eliminating the need for traditional banks and financial institutions

By creating a completely anonymous and untraceable financial system

By increasing financial inclusion and providing more accessible financial services

7 / 21

What is a smart contract?

A document outlining the terms of a cryptocurrency investment

A type of cryptocurrency wallet

A legally binding agreement written in computer code

8 / 21

What is two-factor authentication (2FA)?

A process that involves verifying your identity with two different types of information

A method used to create new cryptocurrencies

A type of cryptocurrency mining algorithm

9 / 21

What is the purpose of a cryptocurrency wallet?

To mine new cryptocurrencies

To securely store and manage your cryptocurrency holdings

To exchange one cryptocurrency for another

10 / 21

Which cryptocurrency is often referred to as the "digital gold"?

Ethereum

Bitcoin

Ripple

11 / 21

What is the role of a cryptocurrency exchange?

To mine new cryptocurrencies

To regulate the value of cryptocurrencies

To facilitate the buying and selling of cryptocurrencies

12 / 21

What is a cryptocurrency?

A physical form of currency such as coins and banknotes

A decentralized digital currency that uses cryptography for security

A type of digital currency that is regulated by central banks

13 / 21

What are the advantages of using cryptocurrencies over traditional fiat currencies?

Increased privacy and security

Both a) and b)

Faster and cheaper cross-border transactions

14 / 21

What are some common security best practices in cryptocurrency?

Sharing personal information online for better transparency

Regularly updating software and using strong passwords

Keeping private keys publicly accessible

15 / 21

What is the purpose of stop-loss and take-profit orders in cryptocurrency trading?

To protect against potential losses and secure profits

To provide liquidity to the market

To speed up the transaction process on exchanges

16 / 21

What is DeFi (Decentralized Finance)?

A government agency responsible for regulating cryptocurrencies

A cryptocurrency exchange that is centralized and regulated

A financial system built on blockchain technology, offering traditional financial services in a decentralized manner

17 / 21

What is the term used to describe the rapid rise and fall of cryptocurrency prices?

Bull market

Bear market

Volatility

18 / 21

What is the purpose of a whitepaper in the cryptocurrency world?

To outline the technical details and vision of a cryptocurrency project

To advertise a new cryptocurrency to potential investors

To provide step-by-step instructions on how to mine a cryptocurrency

19 / 21

What is the blockchain?

A distributed ledger that records all cryptocurrency transactions

A type of wallet used to store cryptocurrencies

A decentralized exchange for buying and selling cryptocurrencies

20 / 21

What is the process of converting a cryptocurrency into traditional fiat currency called?

Staking

HODLing

Cash-out

21 / 21

What is the total supply of Bitcoin that will ever exist?

21 million

1 million

10 million

Your score is

The average score is 100%

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CRYPTO EXAM

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Website

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Invest

Join the Flock

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let's soar!

Prepare to spread your wings as you learn the fundamentals of cryptocurrency and test your knowledge by taking our FREE Crypto Beginner’s Course. Join the BLKBRD flock!

Gym Lessons

Club Classes

101: Intro to Crypto

201: Blockchain Technology

301: Popular Cryptocurrencies

401: Get Started with Crypto

501: Cryptocurrency Trading Basics

601: Security & Best Practices

701: The Future of Crypto

Exam: Crypto for Beginners

Gym Lessons

Club Classes

101: Intro to Crypto

201: Blockchain Technology

301: Popular Cryptocurrencies

401: Get Started with Crypto

501: Cryptocurrency Trading Basics

601: Security & Best Practices

701: The Future of Crypto

Exam: Crypto for Beginners

CRYPTO EXAM

flocking ready?

come soar with us!

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BLKBRD

Website

Meet BLKBRD

Invest

Join the Flock

News & Blog

Suppport

FAQ

Classes

Contact Us

Pricing

Basic Plan

Premium Plan

Pro Plan

let's soar!

Prepare to spread your wings as you learn the fundamentals of cryptocurrency and test your knowledge by taking our FREE Crypto Beginner’s Course. Join the BLKBRD flock!