Bitcoin Sapiens - Accademia Satoshi

7 votes, 5 avg

166

Bitcoin Sapiens

Welcome to the Bitcoin Sapiens Quiz!

Are you ready to test your basic knowledge? This quiz will help you evaluate your understanding of fundamental Bitcoin concepts. Get ready to answer questions ranging from the history of Bitcoin to its operating principles. Good luck!

1 / 20

What is the role of "Miners" in the Bitcoin network?

Creating new Bitcoins and managing inflation.

Validating transactions and adding them to the blockchain.

Verifying user identities on the network.

Providing funding for Bitcoin development.

2 / 20

What is meant by "Hash Rate"?

Ranking position in the mining world.

Measure per second of the current used during mining.

The measure per second of computing power used during mining.

The procedure for allocating new bitcoins to a miner.

3 / 20

How can users be defined in Bitcoin?

Anonymous.

Pseudonyms.

Anonymous except for administrators.

4 / 20

Bitcoin is a protocol:

None of the answers is correct.

Centralized.

Distributed.

Decentralized.

5 / 20

What is the main advantage of Bitcoin transactions over traditional banking transactions?

They generally require less time.

They don't require intermediaries.

They are not censorable.

All answers are correct.

6 / 20

What is meant by "Fractional Reserve" in the context of traditional banks?

The practice of freezing customer deposits for a specific period of time.

The practice of keeping only a small portion of customer deposits in liquid reserves.

The practice of investing all customer deposits in stocks and bonds.

The practice of keeping 100% of customer deposits in cash.

7 / 20

What is one of the main reasons why Bitcoin was created in response to the inflation of traditional currencies?

To ensure a high but stable inflation rate.

To completely eliminate inflation.

To offer an alternative with a programmed decreasing inflation rate.

To promote the hyperinflation of traditional currencies.

8 / 20

When is Bitcoin active?

07:00 - 19:00 every day.

Always.

07:00 - 19:00 from Monday to Saturday.

07:00 - 19:00 from Monday to Friday.

9 / 20

How long does it take Bitcoin on average to generate a new block?

60 minutes.

30 minutes.

1 minute.

10 minutes.

10 / 20

What does a Bitcoin address represent?

The identifier of a block in the blockchain.

The identifier of an account on an exchange.

A user's private key.

The unique address used to send or receive Bitcoin.

11 / 20

What is the maximum supply of Bitcoin?

21 Million.

100,000.

Unlimited.

8 billion.

12 / 20

What is the term to describe the wallet used to keep one's private keys offline?

Cold wallet.

Off wallet.

Fresh wallet.

Hot wallet.

13 / 20

What does the acronym "CBDC" represent?

Centralized Bitcoin Digital Coin.

Crypto Bitcoin Digital Currency.

Central Bank Digital Currency.

Crypto Blockchain Decentralized Coin.

14 / 20

What does "FOMO" mean?

Offer and Holographic Market Phase.

Offline Signing of Original Coin.

Fear of Missing Out.

Fear of Observing the Offshore Market.

15 / 20

What is a "Stablecoin"?

A cryptocurrency anchored to a less volatile underlying asset.

An abbreviation of "Standard Blockchain Coin," a digital currency used as a reference in blockchain transactions.

A cryptocurrency based on a more secure consensus algorithm.

A mining technology that reduces cryptocurrency price volatility.

16 / 20

How many Bitcoins have been mined in percentage so far?

50-69%.

90-100%.

70-89%.

It cannot be defined.

17 / 20

What is the maximum limit of Bitcoin that can be included in a transaction?

1,000 Bitcoin.

21 million Bitcoins.

10 Bitcoin.

1 Bitcoin.

18 / 20

What is the environmental impact of Bitcoin?

Bitcoin offsets emissions by planting trees in the Amazon rainforest through on-chain donations.

Bitcoin is encouraged to spread to inhabited areas where energy consumption is higher.

Bitcoin stimulates the use of renewable energy and serves as a stabilizer for electric networks subject to fluctuations.

Bitcoin emits CO2 to keep the protocol active.

19 / 20

What is "Chain Analysis" in Bitcoin?

A process to analyze transactions on the blockchain.

Creating a new cryptocurrency based on Bitcoin.

Using algorithms to mine new Bitcoins from the blockchain.

A method to resolve transaction errors.

20 / 20

What is a "Hardware Wallet"?

A device designed to securely conduct transactions.

A Bitcoin transaction with a high fee rate.

A cloud-based Bitcoin wallet accessible from any device.

A software application for trading Bitcoin on smartphones.

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!

BACK TO QUIZZES

"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."

FREIDRICH VON HAYEK