Crypto Basics
What is cryptocurrency?
Digital money secured by cryptography
What is the technology behind cryptocurrency that records transactions?
Blockchain
What’s the second most popular cryptocurrency after Bitcoin?
Ethereum
True or False: Some companies accept crypto as payment
True
What animal is often used as the symbol for Dogecoin?
A Shiba Inu dog
What is the name of the first cryptocurrency?
Bitcoin
True or False: Blockchain is controlled by one company
False
Which crypto started as a joke but became really popular?
Dogecoin
What’s the name of digital art you can own using crypto technology?
NFT (Non-Fungible Token)
What year was Bitcoin created?
2009
Who created Bitcoin?
Satoshi Nakamoto
What do we call each “page” in a blockchain that stores data?
A block
What does “BTC” stand for?
Bitcoin
What’s a digital wallet used for?
To store cryptocurrency
How many Bitcoin will ever exist?
21 million
True or False: You need a bank to send cryptocurrency
False
What’s the term for people who verify transactions on the blockchain?
Miners
What type of crypto is designed to have a stable value?
Stablecoin
Name one real-world company that has accepted Bitcoin as payment
Tesla (or others like Microsoft, depending on updates)
What’s the slang term for holding onto crypto even when prices drop?
HODL
What do we call the process of earning new crypto by solving complex math problems?
Mining
What’s the main benefit of blockchain?
It’s secure and decentralized
What’s the nickname for Bitcoin because it’s the first crypto?
Digital Gold
What’s the term for contracts that execute automatically with crypto?
Smart Contracts
What’s it called when crypto prices rise quickly?
A bull run