Q 01/05

What is the pseudonym used by the creator or creators of Bitcoin?

A) Satoshi Nakamoto

B) Hal Finney

C) Nick Szabo

D) Craig Steven Wright

Answer · why

A) Satoshi Nakamoto

Whoever it was went silent in April 2011 and has never moved the roughly one million coins mined in the first year.

Q 02/05

In what year was the Bitcoin white paper, 'Bitcoin: A Peer-to-Peer Electronic Cash System,' published?

A) 2007

B) 2008

C) 2009

D) 2011

Answer · why

B) 2008

It was posted to a cryptography mailing list on Halloween and was ignored by academics, who argued the design could not work; the network went live th...

Q 03/05

What is the term for any cryptocurrency other than Bitcoin?

A) Fiatcoin

B) Stablecoin

C) Altcoin

D) Tokenized asset

Answer · why

C) Altcoin

It is short for 'alternative coin'; the Wall Street Journal called them 'alternative versions of Bitcoin', which remains the template most of them cop...

Q 04/05

Which 2011 cryptocurrency by Charlie Lee is nicknamed the 'silver to Bitcoin's gold'?

A) Litecoin

B) Peercoin

C) Ripple

D) Dash

Answer · why

A) Litecoin

It copied Bitcoin's code with faster 2.5-minute blocks and a different hashing algorithm, Scrypt, that was briefly resistant to specialised chips.

Q 05/05

On a proof-of-work blockchain, what is adding blocks and earning new coins called?

A) Staking

B) Mining

C) Minting

D) Forging

Answer · why

B) Mining

Purpose-built machines race to find a nonce that hashes below the difficulty target; the winner's block reward is currently 3.125 bitcoin.