Cryptocurrency MCQ with Answers 2022
Note: Answer marked in blue color is correct.
1. The Bitcoin was introduced in this world by?
- Stuart Haber
- W. Scott Stornetta
- Satoshi Nakamoto
- Dave Bayer
2. Bitcoin is a cryptocurrency invented in?
- 2007
- 2008
- 2009
- 2010
3. Bitcoins are created as a reward for a process known as?
- Mining
- Wallet
- Bubble
- Ledger
4. Transactions are verified by network nodes through
cryptography and recorded in a public distributed ledger is called a?
- Cryptocurrency wallet
- Blockchain
- Nodes
- Cryptocurrency
5. Which hash function used in Ledger?
- SHA-64
- SHA-128
- SHA-256
- SHA-512
6. What is the block time of the ledger?
- 5 mins
- 8 mins
- 2 mins
- 10 mins
7. Nakamoto implemented the bitcoin software as open-source
code.
- TRUE
- FALSE
- Can be true or false
- Cannot say
8. To claim the reward, a special transaction called a?
- Nonce
- Online wallets
- Hardware wallet
- Coinbase
9. Which of the following statement is true about bitcoin?
- There is no central server; the bitcoin network is peer-to-peer
- There is no central storage; the bitcoin ledger is distributed
- The ledger is public; anybody can store it on their computer
- All of the above
10. Bitcoin have a central authority?
- TRUE
- FALSE
- Can be true or false
- Can't say
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