Bitcoin News Quiz
Ket
1. When was Bitcoin created?
a) 2008
b) 2009
c) 2010
d) 2011
2. Who is the founder of Bitcoin?
a) Satoshi Nakamoto
b) Vitalik Buterin
c) Charles Hoskinson
d) Gavin Wood
3. What is Bitcoin’s original purpose?
a) To facilitate online payments
b) To store value
c) To be used as an investment vehicle
d) To support decentralized applications
4. What is the name of Bitcoin’s underlying technology?
a) Blockchain
b) Ethereum
c) Smart contracts
d) Proof-of-work
5. What is the maximum supply of Bitcoin?
a) 1 million
b) 10 million
c) 21 million
d) Unlimited
6. What is Bitcoin mining?
a) The process of verifying transactions and creating new blocks
b) The process of earning rewards for providing computing power
c) The process of buying Bitcoin
d) The process of trading Bitcoin
7. What is the halving event?
a) When the reward for mining Bitcoin is reduced by half
b) When the supply of Bitcoin is reduced by half
c) When the difficulty of mining Bitcoin increases
d) When the value of Bitcoin increases
8. What is a Bitcoin wallet?
a) A software or hardware device that stores Bitcoin
b) A physical location where Bitcoin is stored
c) A digital currency that can be used for online payments
d) A cryptocurrency exchange
9. What is the Lightning Network?
a) A second layer solution that enables faster and cheaper Bitcoin transactions
b) A privacy-focused cryptocurrency
c) A decentralized application platform
d) A stablecoin pegged to the US dollar
10. What is the future of Bitcoin?
a) It will become the global currency
b) It will be replaced by newer cryptocurrencies
c) Its value will continue to rise
d) Its use cases will expand
Answer Key:
1. b) 2009
2. a) Satoshi Nakamoto
3. a) To facilitate online payments
4. a) Blockchain
5. c) 21 million
6. b) The process of earning rewards for providing computing power
7. a) When the reward for mining Bitcoin is reduced by half
8. a) A software or hardware device that stores Bitcoin
9. a) A second layer solution that enables faster and cheaper Bitcoin transactions
10. d) Its use cases will expand
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