Free Online Directory Introduction to Cryptocurrency MCQs - MCQs Answers

Introduction to Cryptocurrency MCQs

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1. : Who created Bitcoin, the first cryptocurrency?





2. : In which year was Bitcoin launched?





3. : What is the maximum supply limit of Bitcoin?





4. : Which technology underlies all cryptocurrencies?





5. : Ethereum is best known for which feature?





6. : Which cryptocurrency is often called “digital silver”?





7. : The process of validating transactions and securing the blockchain is called?





8. : Which consensus mechanism does Bitcoin use?





9. : Who founded Ethereum?





10. : The smallest unit of Bitcoin is known as?





11. : Which cryptocurrency is mainly used for cross-border payments?





12. : What does DeFi stand for in the crypto industry?





13. : What is the main purpose of stablecoins?





14. : Which stablecoin is pegged to the US Dollar?





15. : What does ICO stand for in cryptocurrencies?





16. : Which cryptocurrency introduced the concept of Smart Contracts?





17. : Binance was founded by whom?





18. : What is the name of Ethereum’s cryptocurrency?





19. : Which cryptocurrency is famous for its privacy features?





20. : The term “HODL” in crypto originally means?





21. : What is a blockchain “fork”?





22. : Which country made Bitcoin legal tender in 2021?





23. : Which crypto exchange is headquartered in the USA?





24. : What is the main purpose of a crypto wallet?





25. : What does NFT stand for?





26. : Which blockchain is most associated with NFTs?





27. : Bitcoin was first mined in which country?





28. : Which of the following is NOT a cryptocurrency?





29. : What does the term “Gas Fee” refer to in Ethereum?





30. : Which algorithm does Bitcoin use for mining?





31. : What is the name of Ethereum’s upgrade to Proof of Stake?





32. : What is the term for verifying transactions without intermediaries?





33. : Which of these is known as a meme coin?





34. : What does “cold wallet” mean?





35. : What is the purpose of mining difficulty in Bitcoin?





36. : Which of these is NOT a blockchain consensus mechanism?





37. : The first ever Bitcoin transaction was used to buy what?





38. : Who is the CEO of Coinbase?





39. : What is a whitepaper in cryptocurrency?





40. : Which cryptocurrency introduced the Lightning Network?





41. : Which type of token represents real-world assets like real estate or stocks?





42. : What is a DAO in the crypto world?





43. : Which cryptocurrency was forked to create Bitcoin Cash?





44. : The term “whale” in cryptocurrency refers to?





45. : Which cryptocurrency project is focused on scalability and interoperability?





46. : The process of locking coins to support a blockchain network is called?





47. : What does the term “Altcoin” mean?





48. : Which cryptocurrency is nicknamed “Ethereum Killer”?





49. : The first decentralized exchange (DEX) on Ethereum is?





50. : What is the primary advantage of blockchain?





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