Quiz: Understanding Cryptocurrency 📝💡📊
2 min readAug 7, 2023
1. What is Cryptocurrency?
- a. An online banking system
- b. A type of digital or virtual currency that uses cryptography for security
- c. A new game currency for all online games
- d. A form of physical money that only exists on the internet
2. What does Blockchain technology mean in the context of cryptocurrencies?
- a. A system of recording physical coins on a digital platform
- b. A record keeping technology that maintains a decentralized, transparent, and immutable ledger
- c. A technology for blocking certain types of currency
- d. The term for a chain of physical blocks holding digital currency
3. Which of the following is NOT a type of cryptocurrency?
- a. Bitcoin
- b. Ethereum
- c. Zoomcoin
- d. Ripple
4. What is ‘Mining’ in terms of cryptocurrency?
- a. The process of creating new units of digital currency
- b. Digging underground for physical coins
