Question 1

What is the name for the individuals who create bitcoins?

Accepted Answer

A) Miners. 
B) Great Creators. 
C) Hackers. 
D) Bitcoin Army. 
A) Miners. 
B) Great Creators. 
C) Hackers. 
D) Bitcoin Army. A

Question 2

How can bitcoins be stored?

Accepted Answer

A) In a paper wallet. 
B) In an offline hard drive. 
C) In a digital wallet. 
D) All of the above. 
A) In a paper wallet. 
B) In an offline hard drive. 
C) In a digital wallet. 
D) All of the above. D

Question 3

What is the name of the unit for 1,000,000 bitcoins?

Accepted Answer

A) A megabitcoin. 
B) A Nakamoto. 
C) A millabit. 
D) None of the above. 
A) A megabitcoin. 
B) A Nakamoto. 
C) A millabit. 
D) None of the above. A

Question 4

What is the name of the public transaction log that shows all past Bitcoin transactions?

Accepted Answer

A) The Ledger. 
B) The Bitcoin PTL. 
C) The Blockchain. 
D) The Bitcoin Protocol. 
A) The Ledger. 
B) The Bitcoin PTL. 
C) The Blockchain. 
D) The Bitcoin Protocol.

Question 5

Bitcoin is most commonly used for which of the following?

Accepted Answer

A) International money transfers. 
B) Money laundering. 
C) Purchasing illegal drugs. 
D) Retail purchases. 
A) International money transfers. 
B) Money laundering. 
C) Purchasing illegal drugs. 
D) Retail purchases.

Question 6

Which of the following is Bitcoin considered to be?

Accepted Answer

A) A peer-to-peer currency. 
B) Fiat money. 
C) Dollar-backed currency. 
D) Gold-backed currency. 
A) A peer-to-peer currency. 
B) Fiat money. 
C) Dollar-backed currency. 
D) Gold-backed currency.

Question 7

How do individuals create new bitcoins?

Accepted Answer

A) By finding bugs on the Bitcoin website. 
B) By solving complex math problems. 
C) By finding bugs in the Bitcoin blockchain. 
D) By lending their computing power to Bitcoin. 
A) By finding bugs on the Bitcoin website. 
B) By solving complex math problems. 
C) By finding bugs in the Bitcoin blockchain. 
D) By lending their computing power to Bitcoin.

Question 8

Who regulates Bitcoin?

Accepted Answer

A) The Chinese government. 
B) The United States government. 
C) Its creator. 
D) Nobody. 
A) The Chinese government. 
B) The United States government. 
C) Its creator. 
D) Nobody.

Question 9

What is the name for .00000001BTC?

Accepted Answer

A) A nakamoto. 
B) A satoshi. 
C) A bit penny. 
D) A bit dime. 
A) A nakamoto. 
B) A satoshi. 
C) A bit penny. 
D) A bit dime.

Question 10

Bitcoins can be sent to which of the following?

Accepted Answer

A) An email address. 
B) A postal address. 
C) A Bitcoin address. 
D) Both A & C. 
A) An email address. 
B) A postal address. 
C) A Bitcoin address. 
D) Both A & C.

What is the name for the individuals who create bitcoins?

How can bitcoins be stored?

What is the name of the unit for 1,000,000 bitcoins?

What is the name of the public transaction log that shows all past Bitcoin transactions?

Bitcoin is most commonly used for which of the following?

Which of the following is Bitcoin considered to be?

How do individuals create new bitcoins?

Who regulates Bitcoin?

What is the name for .00000001BTC?

Bitcoins can be sent to which of the following?

History

Usage

Economics

In the News

Limitations

Protocol

Filters

Exam 1: What Is Bitcoin

What is the name for the individuals who create bitcoins?

How can bitcoins be stored?

What is the name of the unit for 1,000,000 bitcoins?

What is the name of the public transaction log that shows all past Bitcoin transactions?

Bitcoin is most commonly used for which of the following?

Which of the following is Bitcoin considered to be?

How do individuals create new bitcoins?

Who regulates Bitcoin?

What is the name for .00000001BTC?

Bitcoins can be sent to which of the following?

History

Usage

Economics

In the News

Limitations

Protocol

Filters