Bitcoin MCQ Questions And Answers

This section focuses on "Bitcoin" in Blockchain. These Multiple Choice Questions (MCQ) should be practiced to improve the Blockchain skills required for various interviews (campus interviews, walk-in interviews, company interviews), placements, entrance exams and other competitive examinations.

1. The Bitcoin was introduced in this world by?

A. Stuart Haber
B. W. Scott Stornetta
C. Satoshi Nakamoto
D. Dave Bayer

View Answer


2. Bitcoin is a cryptocurrency invented in?

A. 2007
B. 2008
C. 2009
D. 2010

View Answer


3. Bitcoins are created as a reward for a process known as?

A. mining
B. wallet
C. bubble
D. ledger

View Answer


4. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a ?

A. cryptocurrency wallet
B. blockchain
C. nodes
D. cryptocurrency

View Answer


5. Which hash function used in Ledger?

A. SHA-64
B. SHA-128
C. SHA-256
D. SHA-512

View Answer


6. What is the block time of the ledger?

A. 5 mins
B. 8 mins
C. 2 mins
D. 10 mins

View Answer


7. Nakamoto implemented the bitcoin software as open-source code

A. TRUE
B. FALSE
C. Can be true or false
D. Can not say

View Answer


8. To claim the reward, a special transaction called a?

A. nonce
B. online wallets
C. hardware wallet
D. coinbase

View Answer


9. Which of the following statement is true about bitcoin?

A. There is no central server; the bitcoin network is peer-to-peer
B. There is no central storage; the bitcoin ledger is distributed
C. The ledger is public; anybody can store it on their computer
D. All of the above

View Answer


10. Bitcoin have a central authority?

A. TRUE
B. FALSE
C. Can be true or false
D. Can not say

View Answer





Discussion


* You must be logged in to add comment.