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🪙Bitcoin Basics Quiz Answers

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✔️Answers (11/11)

1. Who is Satoshi Nakamoto?
👉 Answer: C) The pseudonymous creator of Bitcoin ✅

2. What is the maximum supply of Bitcoin?
👉 Answer: A) 21 million units ✅

3. What is one key feature of the Bitcoin blockchain?
👉 Answer: A) Immutability ✅

4. What does each block in the Bitcoin blockchain contain?
👉 Answer: B) A list of recent transactions and a link to the previous block ✅

5. What is true about Bitcoin?
👉 Answer: D) All alternatives are correct ✅
(Decentralized, Peer-to-peer, Limited supply)

6. In which year was Bitcoin created?
👉 Answer: A) 2008 ✅

7. What happens during a Bitcoin halving event?
👉 Answer: A) It reduces the block reward for miners ✅

8. What is Bitcoin mining?
👉 Answer: C) The process of verifying and adding new transactions to the blockchain ✅

9. Who published the Bitcoin whitepaper?
👉 Answer: B) Satoshi Nakamoto ✅

10. What system do Bitcoin miners use to validate transactions?
👉 Answer: C) Proof of Work ✅

11. What is the name of the first ever Bitcoin block?
👉 Answer: D) Genesis Block ✅

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