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Quiz Crypto

@quizcrt

Questions about the cryptocurrency market

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calendar_today05-12-2024 05:34:01

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2. What is Blockchain? A. A type of cryptocurrency B. A decentralized database C. A mobile app D. A crypto wallet #Blockchain Cmt below ⤵️

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⬆️ What is Ethereum known for? A. Peer-to-peer payment system B. Supporting smart contracts C. Storing digital gold D. Being controlled by a government #Ethereum Cmt below ⤵️

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💲 What is a Stablecoin? A. A type of coin with stable value, often pegged to assets like USD B. A cryptocurrency with high price volatility C. A non-fungible token (NFT) D. A coin exclusive to trading on exchanges #usd Cmt below⤵️

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📲 What does it mean when a crypto project conducts an “ICO”? A. They are issuing shares on the stock market B. They are raising funds by issuing new tokens C. They are performing an airdrop of free tokens D. They are changing their business model #Crypto Cmt below ⤵️

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💵 What does the term “HODL” in crypto mean? A. Selling coins to take profits B. Holding coins long-term despite market fluctuations C. Trading coins daily D. Buying new coins during a market dip #Crypto Cmt below⤵️

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What is the greatest risk when investing in crypto? A. High price volatility B. Being hacked or losing your wallet C. Unclear regulatory policies D. All of the above #crypto Cmt below ⤵️

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Which blockchain does ERC-20 tokens belong to? A. Bitcoin B. Ethereum C. Binance Smart Chain D. Solana #Ethereum Cmt below⤵️

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What is Binance Smart Chain (BSC) known for? A. Low transaction fees and high speed B. Being supported by Ethereum C. Being developed on the Bitcoin platform D. Being exclusive to non-fungible tokens (NFTs) #Binance Cmt below ⤵️

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What is an NFT token? A. A fungible token B. A non-fungible token representing ownership of digital assets C. A token used only in crypto transactions D. A type of cryptocurrency with stable value #Crypto Cmt below ⤵️

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What are “Gas fees” on Ethereum used for? A. Paying for transactions on exchanges B. Paying for smart contracts and transactions C. Paying fees for mining coins D. Transferring funds between wallets #fee cmt below⤵️