Bitcoin Peritus

Welcome to the Bitcoin Peritus Quiz!

Are you ready to take your Bitcoin knowledge to the next level? This intermediate test will challenge you with more complex questions about Bitcoin technology and its ecosystem. Put yourself to the test and discover how well-prepared you are!

1 / 20

What is the main purpose of "Liquid Network"?

Addressing Bitcoin security issues.

Improving scalability and speed of Bitcoin transactions.

Greater decentralization.

Issuing a new cryptocurrency called Liquid Coin (LC).

2 / 20

What is the "Cantillon Effect"?

The Cantillon effect is an economic theory aimed at benefiting the less affluent, with the goal of reducing the gap between poverty and wealth.

The Cantillon effect is an economic theory that describes how creating money out of nothing privileges individuals who have access to monetary resources before others.

The Cantillon effect is a form of meditation that helps achieve a state of mental balance.

The Cantillon effect is a trading technique used to predict movements in financial markets.

3 / 20

In which year was the Bitcoin protocol first launched?

2015.

2011.

2009.

2007.

4 / 20

What is an "SPV" node?

A node that holds a partial copy of the Bitcoin blockchain.

A node specialized in mining new Bitcoins.

A node that can send payments but not receive them.

A node that holds a complete copy of the blockchain.

5 / 20

How are Bitcoin transaction fees calculated?

Depending on the selected miner at the payment stage.

Based on the transaction issuance time.

Based on the amount of Bitcoin sent.

Based on the weight of selected inputs and outputs.

6 / 20

Through which type of cryptography does Bitcoin enable its transactions?

Symmetric.

Quantum.

Asymmetric.

Biometric.

7 / 20

What is a "Sidechain"?

A cryptocurrency designed to operate exclusively on mobile devices.

A simplified version of the main blockchain used to train new participants in the mining process.

A blockchain that operates independently but is tied to the main blockchain.

An alternative blockchain that exists only as a backup copy of the main blockchain.

8 / 20

What was the first item traded for Bitcoin in history?

A scooter.

A fish dinner.

2 pizzas.

Marijuana.

9 / 20

What is the "Game Theory"?

A study of strategic interaction patterns among rational decisions.

An analysis of casino games and winning probabilities.

A study of gaming strategies on online platforms.

A study of strategic interaction models between artificial intelligences.

10 / 20

How did the government of El Salvador promote the use of the "Chivo Wallet" and Bitcoin in the country?

By obliging all citizens to use exclusively the "Chivo Wallet".

Introducing a transaction fee on Bitcoin.

Banning the use of other cryptocurrencies.

Offering financial incentives to citizens who use it.

11 / 20

What is the motivation that generated friction in the Bitcoin environment during the period called the "block size war"?

Maximum size of lightning network channels.

Bitcoin value and mass adoption.

Opening a decentralized Bitcoin marketing office.

Mined block sizes.

12 / 20

What is meant by RBF in the context of Bitcoin?

An alternative mining algorithm for Bitcoin.

A method to replace an unconfirmed transaction with a new version with higher fees.

A method to replace an already confirmed transaction with a new version with higher fees.

A security protocol for Bitcoin wallets.

13 / 20

What are "Smart Contracts"?

They are self-executing computer programs run on the blockchain by all participating nodes.

They are only a theoretical concept and have never been implemented on the blockchain.

They are codes that regulate transactions on the blockchain but are not actually executed.

Legal digital contracts recorded on the blockchain, but their execution occurs outside the blockchain.

14 / 20

What is the name of the hash algorithm typically used in Bitcoin transactions?

RSA-256.

AES-256.

ECDSA-256.

SHA-256.

15 / 20

After how many blocks is a "Coinbase" transaction spendable?

After 100 blocks.

After 12 blocks.

After 6 blocks.

After 1 block.

16 / 20

Are there differences between bitcoin and Bitcoin?

Yes, they represent tokens and protocols.

Yes, they are two different blockchains created following a hard fork.

No, they represent the same thing.

Yes, they represent the testing environment and the real environment of the protocol.

17 / 20

Which country was the first to use Bitcoin as legal tender?

El Salvador.

China.

Japan.

Guatemala.

18 / 20

What is "Coin Control"?

A function allowing users to manually select which inputs to use in a transaction.

A security protocol used to protect the private keys of Bitcoin wallets.

A consensus algorithm that selects which transactions to include in a Bitcoin block.

A technique to avoid double spending by validating transactions by different network nodes.

19 / 20

What is the symbolic animal of the Bitcoin revolution?

The bull.

The bear.

The honeybadger.

The red panda.

20 / 20

What is a "Nonce"?

The Bitcoin address of the protocol creator.

A numerical value that miners seek to change to find a valid hash.

An Ethereum-based smart contract.

A cryptographic algorithm used to create private keys.

The test has been completed!
To receive the personalized certificate, we invite you to make a donation.
Remember that the certificate will be issued only if you have passed the test.
Fill in the field with your name, making sure it matches the one in the certificate request form on the 'Support Us' page.

Your score is

Did you enjoy the test? Noticed a bug?

Help us grow by leaving a comment!

Thank you for the feedback!