Bitcoin Advanced Test Quiz

Question 1: What is the name of the foundation established to promote the adoption and support the development of Bitcoin?

Bitcoin Company
Bitcoin Foundation
Bitcoin Association
None of the above

Question 2: How is the price of Bitcoin determined?

Demand and supply balance on multiple exchanges
Set by Bitcoin developers
Pegged to the dollar
Pegged to gold

Question 3: How long does block validation in Bitcoin take on average?

6 minutes
1 minute
10 minutes
5 minutes

Question 4: How many confirmations are required for a Bitcoin transfer?

6
5
10
1

Question 5: What is the role of Bitcoin miners?

Transfer Bitcoin
Buy Bitcoin
Verify Bitcoin transactions
Generate new Bitcoin

Question 6: What was the initial price of Bitcoin when it was first released?

$1
$0.001
$0.01
$0.1

Question 7: What does a block on the blockchain contain?

Transaction data
All of these
Timestamp
Hash value

Question 8: What was the Bitcoin miner reward in 2021?

10 BTC
25 BTC
12.5 BTC
6.25 BTC

Question 9: What is a dead Bitcoin?

Bitcoin that cannot be accessed
Hacked Bitcoin
Stolen Bitcoin
Illegally used Bitcoin

Question 10: Which core developer did Satoshi Nakamoto hand over Bitcoin security keys to?

Cody Wilson
Gavin Andresen
Mike Hearn
Hal Finney

Question 11: Who is the current lead developer of Bitcoin?

Wladimir van der Laan
Hal Finney
Gavin Andresen
Satoshi Nakamoto

Question 12: Which algorithm does the blockchain use?

HTML
HTTP
SHA256
PLA196

Question 13: In which recent year was Bitcoin’s volatility the lowest?

2019
2016
2015
2014