What digital ledger stores the transactions happening in the Bitcoin network?

Blockchain

Mempool

Ledger

Hash function

What is a book or collection of financial data called?

Blockchain

Mempool

Ledger

Hash function

What is the act of validating transactions?

Hashing

Mining

Cryptography

Selecting

What do you call a computer running the Bitcoin client which helps verify and record the transactions happening in the blockchain called?

Bitcoin miner

Hasher

Mempool

Buyer

Bitcoin mining is ____, meaning it can be done anywhere

Faulty

Location agnostic

Easily subject to hacking/manipulation

Location-specific

What do you call the reward for validating a block on the blockchain?

Bitcoin reward

Block reward

Bitcoin block

Block block

What is the hashing process similar to?

Lottery

Buying bitcoin

First-come, first-serve queue

Whitelisting

What do you call the pool where pending transactions are sent to?

Bitcoin miner database

Hash storage

Mempool

Hash pool

What consensus mechanism does Bitcoin use?

Proof-of-Work or PoW consensus mechanism

Proof-of-Stake or PoS consensus mechanism

Proof-of-History or PoH consensus mechanism

Delegated Proof-of-Stake or dPoS consensus mechanism

Which characteristic is a benefit of Bitcoin’s blockchain?

Inefficient

Faulty

Centralized

Transparent

Blockchain

Your Score

/

0 / 10 answered