Introduction to Bitcoin and Blockchain (19 Question Quiz)

To be successful in web3, you have to know the basics. Bitcoin birthed the digital asset movement and we believe learning about it is the best place to start your journey. 

This quiz encompasses the value proposition of bitcoin, early use-case, Nakamoto-style consensus, bitcoin system drawbacks, supply and demand characteristics, governance and more.

If you find yourself struggling on the quiz, be sure to read our introductory articles on Bitcoin and blockchain:

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Introduction to Bitcoin and Blockchain

Test your Bitcoin and blockchain knowledge. This quiz is intended for beginners.

1 / 19

Category: Bitcoin Governance

Who is in charge of Bitcoin’s governance?

2 / 19

Category: Bitcoin History

What would entice countries experiencing high inflation to adopt bitcoin?

3 / 19

Category: Bitcoin System Limitations

What is the average transaction throughput on the Bitcoin blockchain?

4 / 19

Category: Bitcoin Governance

What is the most widely used implementation of the Bitcoin software?

5 / 19

Category: Bitcoin System Limitations

What features are currently lacking in Bitcoin at a fundamental level? (select all that apply)

6 / 19

Category: Bitcoin History

What is the Silk Road?

7 / 19

Category: Bitcoin Mining

What is Proof-of-Work?

8 / 19

Category: Bitcoin Mining

What is a Bitcoin node?

9 / 19

Category: Bitcoin Mining

Approximately how fast are blocks of transactions validated on the Bitcoin network?

10 / 19

Category: Bitcoin History

Who/what is Satoshi Nakamoto?

11 / 19

Category: Bitcoin Mining

Which aspect(s) is/are a part of Nakamoto Consensus? (select all that apply)

12 / 19

Category: Bitcoin Mining

What are the main characteristics that make Bitcoin unique as a payment system?

13 / 19

Category: Bitcoin Mining

True or False: A private company is an example of a decentralized entity.

14 / 19

Category: Bitcoin Tokenomics

Approximately how often are block rewards reduced?

15 / 19

Category: Bitcoin Mining

On average, how many confirmations are expected on the Bitcoin blockchain before a transaction is seen as being secure?

16 / 19

Category: Bitcoin Mining

What is a public blockchain?

17 / 19

Category: Bitcoin Governance

Which type of fork threatens the security of the Bitcoin network?

18 / 19

Category: Bitcoin Tokenomics

What is the total supply of bitcoins that will ever exist?

19 / 19

Category: Bitcoin History

Why was Bitcoin created?

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