Crypto currencies have been the hot new thing in the investment world for quite some time now. However, for most of us, they represent a complicated financial entity we're not sure we even understand. Let's put your knowledge of this new type of high-tech currency to the test, and perhaps you'll also learn what you didn't know before!
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What makes Cryptocurrency different from other digital funds, such as PayPal?
It is not a wallet but a currency like the dollar is a currency
It eliminates the need for any and all intermediaries
Which cryptocurrency takes SECOND place as the most expensive to buy 1 coin of?
As of December 2022, it is worth about $1100-$1200 per 1 coin, while Bitcoin is worth about $16-17000
Tether
Ethereum
Binance Coin
Dogecoin
USD Coin (USDC)
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Which cryptocurrency was launched in 2022?
Ripple
Lido Staked Ether (SETH)
Dash 2 Trade
Dogecoin
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As of end of 2022, when was peak worth for crypto currencies?
End of 2021
End of 2018
End of 2016
End of 2014
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The man who invented Bitcoin, as well as the first blockchain database, is...
Russian
Chinese
Japanese
American
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What does "mining" for cryptocurrency NOT involve?
Finding a new encryption for new coins
Winning against other computers by solving a math problem first
Trading coins between owners and increasing their value
Using a high powered computer to solve math problems
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Why are some countries officially considering outlawing mining for cryptocurrencies, while China has already done so?
The computers do too much environmental damage
Because they are afraid it will destabilize the economy
Because it lowers the value of the coins in the hands of buyers
Because of illegal activities the currency is used for
Try again...
It seems you don't know much about crypto. After all, it's a very complicated subject and can be very technical. We can'... READ MOREIt seems you don't know much about crypto. After all, it's a very complicated subject and can be very technical. We can't really blame you for not knowing about these, but it's always good to be in the know, so have a look at our answers or take another crack at it!
You know quite a bit about crypto currencies, definitely more than the average person. After all, it's a very... READ MOREYou know quite a bit about crypto currencies, definitely more than the average person. After all, it's a very complicated subject and can be very technical. You did quite well, and those you didn't get right you can see the answers for in our answers section.
You really know a lot about crypto currencies! You must have a lot of knowledge of financial affairs and investing... READ MOREYou really know a lot about crypto currencies! You must have a lot of knowledge of financial affairs and investing, maybe even invested yourself in some crypto currency along the way. In any case, you've aced this quiz!
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Shai K.
12/5/2022
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