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Bitcoin Intermediate Quiz

  • Question of

    Where is your Bitcoin stored?

    • The blockchain
    • Your Bitcoin wallet
    • Your Bitcoin addresses
  • Question of

    What made Bitcoin so innovative?

    • Proof-of-Work
    • Its decentralised consensus mechanism
    • Its use of ECDSA and Public key/Private key cryptography
  • Question of

    What determines your account balance?

    • How many Bitcoins you’ve received
    • The value of UTXOs spendable by you
    • How many UTXOs you’ve spent, minus how many UTXOs you’ve received
  • Question of

    For what is an Elliptic-Curve Digital Signature Algorithm (ECDSA) used in Bitcoin?

    • Creation of Public keys
    • Creation of addresses
    • Encryption of transactions
  • Question of

    In what parameters of the block header do miners guess the mining solution?

    • The nonce
    • The timestamp
    • The coinbase script
    • All of the above
  • Question of

    Prior to being mined, what information in the block header is a function of its transactions?

    • Nonce
    • Chainwork
    • Merkle Root
    • Bits
  • Question of

    Which parameter in the block header determines the mining difficulty?

    • Chainwork
    • Bits
    • Difficulty
  • Question of

    Which parameter of the block header do nodes look at when determining the ‘longest chain’

    • Chainwork
    • Bits
    • Difficulty
    • Height

Written by FastBitcoins_Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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