test
test: how much do you know about cryptocurrency and blockchain?

You are not a novice in the cryptocurrency world and know the difference between PoW and PoS? Will you distinguish SHA-256 from Scrypt at once?

Check your knowledge of cryptocurrency and blockchain – pass our test. Answer all questions correctly and get the biggest discount to the ticket!

10/10
Which cryptocurrency was created based on a meme to mock the idea of digital currencies?
  • 10%
    Dash

  • 80%
    Dogecoin

    Dogecoin was inspired by the Doge meme, which shows a dog with a funny snout.

  • 5%
    NEO

  • 5%
    Litecoin

8/10
Which of these cryptocurrencies does not support SHA-256 hash algorithm?
  • 20%
    NEO

  • 10%
    NXT

  • 60%
    Litecoin

    All cryptocurrencies except Litecoin work basing on SHA-256. Litecoin uses Scrypt algorithm.

  • 10%
    Bitcoin

9/10
What is the correct chronological order of different Bitcoin mining methods?
  • 50%
    CPU-GPU-FPGA-ASIC

    At first, users mined cryptocurrencies with ordinary CPUs, later GPUs, later on with field-programmable gate arrays (FPGA), and at last application-specific integrated circuits (ASIC) were developed.

  • 15%
    GPU-CPU-FPGA-ASIC

  • 15%
    ASIC-CPU-GPU-FPGA

  • 20%
    GPU-CPU-ASIC-FPGA

6/10
What is a cold wallet?
  • 10%
    ASIC with a cooling system

  • 70%
    Crypto wallet not connected to the Internet

    A cold wallet is a wallet not connected to the Internet. It can be either a computer disconnected from the Internet or a special hardware wallet, for instance, Ledger Nano.

  • 10%
    Special node in the Bitcoin blockchain

  • 10%
    Smartphone-based crypto wallet

7/10
How many Bitcoins can be mined in total?
  • 80%
    21 million

    Unfortunately, a restricted number of Bitcoins can be mined. Creator of this cryptocurrency decided that not more than 21 million BTC could exist. According to preliminary calculations, all Bitcoins will be mined by 2040.

  • 10%
    12 million

  • 5%
    35 million

  • 5%
    What are you talking about? Their overall number is not limited

1/10
What is HODL?
  • 20%
    Name of ASIC miner

  • 70%
    Just the word ‘hold’ written with a mistake

    HODL is the misspelled word ‘hold’ that became a meme. It appeared on BitcoinTalk forum in 2013, when one guy started a topic titled ‘I AM HODLING’. He confessed that he was not good at cryptocurrency trading and would be holding his Bitcoins.

  • 10%
    Cryptocurrency

  • 10%
    One of the encryption algorithms

2/10
What was the reward for mining the first block (genesis block) in the Bitcoin blockchain?
  • 20%
    25 BTC

  • 60%
    50 BTC

    The first block in the Bitcoin blockchain brought the reward of 50 BTC. Funds went to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Unfortunately, due to the peculiarities of the code, the owner has no chance to spend the funds.

  • 10%
    100 BTC

  • 10%
    1000 BTC

3/10
Which of the following cryptocurrencies is the most profitable for mining using ordinary CPUs rather than graphics cards?
  • 15%
    Bitcoin

  • 15%
    Ethereum

  • 50%
    Monero

    Thanks to the peculiarities of the algorithm, Monero is the most beneficial option for CPU mining. Linux is the best option to choose, as you can make fine adjustments for cryptocurrency mining in this OS.

  • 20%
    Ripple

4/10
In the blockchain of which cryptocurrency did the first smart contracts appear?
  • 25%
    Bitcoin

  • 5%
    NXT

  • 10%
    Dash

  • 60%
    Ethereum

    The first smart contract emerged in the Ethereum blockchain on August 7, 2015. Here is everything about it

5/10
In which country Bitcoin is prohibited?
  • 15%
    The USA

  • 15%
    China

  • 40%
    Bolivie

    The Central Bank of Bolivia banned the use of Bitcoins in the country back in 2014.

  • 30%
    Brazil

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