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Bitcoin quiz 101

By Matt Barnes

February 5, 2023

FILE PHOTO: A representation of bitcoin is seen in an illustration picture

Test your knowledge with our beginner-friendly crypto quiz, designed to get you up to speed in the world of Bitcoin.

Welcome to your Bitcoin 101

What is Bitcoin?

A digital currency

A physical commodity

A stock

None

Who created Bitcoin?

Satoshi Nakamoto

Bill Gates

Elon Musk

None

When was Bitcoin created?

2008

2009

2010

None

What is the underlying technology behind Bitcoin?

Tangle

Hashgraph

Blockchain

None

What is the maximum number of bitcoins that will ever exist?

Unlimited

100 million

21 million

None

What is the smallest unit of bitcoin that can be sent?

Bitcoin

Satoshi

Millibitcoin

None

What is the process of verifying transactions on the Bitcoin network called?

Mining

Staking

Forging

None

What are the rewards for verifying transactions on the Bitcoin network?

Ethereum

Bitcoin

Litecoin

None

What is the most secure way to store bitcoins?

In a hot wallet

On an exchange

In a cold wallet

None

What is the primary benefit of using Bitcoin compared to traditional fiat currencies?

Lower transaction fees

Decentralization

Faster transaction times

None

Time's up

Matt Barnes

Matt is the founder of TechMalak. When he's not buried face-deep in the crypto charts you can find him tinkering with the latest tech gadgets and A. I tools. He's a crypto investor and entrepreneur. He uses a mixture of A.I and human thought and input into all his articles on TechMalak, further merging man with machine.

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