blockchain quiz

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Blockchain quiz.

Test you knowledge about blockchain with this short quiz.

Here are the questions:

1. What is blockchain technology?

2. Who is considered the creator of Bitcoin, the first cryptocurrency?

3. What is a block in a blockchain?

4. What does decentralization mean in the context of blockchain?

5. What is a smart contract?

6. What is the primary benefit of using blockchain technology?

7. What is a node in a blockchain network?

8. What is mining in the context of blockchain?

9. What is a cryptocurrency wallet?

10. What is the difference between a public and a private blockchain?



Answers:

  1. A digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
  2. Satoshi Nakamoto.
  3. A block is a record of new transactions.
  4. It means that no single entity has control over the entire network.
  5. A self-executing contract with the terms of the agreement directly written into code.
  6. Increased security and transparency.
  7. A node is any computer that connects to the blockchain network.
  8. The process of adding new transactions to the blockchain and securing the network.
  9. A digital tool that allows users to store and manage their cryptocurrencies.
  10. A public blockchain is open to anyone, while a private blockchain is restricted to specific users.

Answers:

  1. A digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
  2. Satoshi Nakamoto.
  3. A block is a record of new transactions.
  4. It means that no single entity has control over the entire network.
  5. A self-executing contract with the terms of the agreement directly written into code.
  6. Increased security and transparency.
  7. A node is any computer that connects to the blockchain network.
  8. The process of adding new transactions to the blockchain and securing the network.
  9. A digital tool that allows users to store and manage their cryptocurrencies.
  10. A public blockchain is open to anyone, while a private blockchain is restricted to specific users.
How many answers did you answered correct?
 Post it in the comments below.

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