Today, Coins.co.th will take you to test your knowledge of 10 easy quiz about crypto!
1.What is the name of the cryptocurrency that was created as a fork of Bitcoin in 2017 and claims to have faster transaction times and lower fees?
A. Litecoin
B. Bitcoin Cash
C. Dash
D. Zcash
Show answer 👀
Bitcoin Cash (BCH). It was created by a group of developers who wanted to increase the block size limit of Bitcoin from 1 MB to 8 MB, which they believed would allow for faster and cheaper transactions
2.What is the name of the cryptocurrency that is designed to be used specifically for privacy-focused transactions?
A. Monero
B. Zcash
C. Dash
D. Verge
Show answer 👀
Monero (XMR). Monero uses a technology called "ring signatures" to obfuscate the sender's identity and "stealth addresses" to make the recipient's address untraceable
3.What is the name of the cryptocurrency that is designed to be used for decentralized applications and smart contracts?
A. Bitcoin
B. Ethereum
C. Ripple
D. Cardano
Show answer 👀
Ethereum
4.What is the name of the first cryptocurrency exchange?
A. Coinbase
B. Binance
C. Bitfinex
D. Mt. Gox
Show answer 👀
Mt. Gox, which was founded in 2010 by Jed McCaleb, was the first cryptocurrency exchange to gain widespread popularity and adoption
5.What is the name of the process by which a new cryptocurrency project raises funds by selling a portion of its tokens to early investors?
A. Initial coin offering (ICO)
B. Security token offering (STO)
C. Initial exchange offering (IEO)
D. Initial token offering (ITO)
Show answer 👀
Initial coin offering (ICO). ICOs became a popular fundraising mechanism in the early days of the cryptocurrency industry as a way for new projects to raise capital without having to go through traditional fundraising channels
6.What is the name of the technology that allows for the creation of cross-chain cryptocurrency transactions?
A. Atomic swaps
B. Sharding
C. Sidechains
D. Segregated Witness
Show answer 👀
Atomic swaps. An atomic swap is a peer-to-peer cryptocurrency trade between two parties, where each party transfers ownership of their respective cryptocurrency without the need for a trusted third party
7.What is the estimated date of the next Bitcoin halving?
A. May 2022
B. May 2023
C. May 2024
D. May 2025
Show answer 👀
The next Bitcoin halving is expected to occur in the May 2024
8.What is the name of the first stablecoin?
A. Tether
B. USD Coin
C. Paxos Standard
D. TrueUSD
Show answer 👀
Tether. Tether is a cryptocurrency that is designed to maintain a stable value relative to a traditional currency, such as the US dollar
9.What is the current reward for mining a block on the Bitcoin network?
A. 6.25 BTC
B. 12.5 BTC
C. 25 BTC
D. 50 BTC
Show answer 👀
The current reward for mining a block on the Bitcoin network is A. 6.25 BTC
10.In what year did Thailand pass a law regulating cryptocurrencies and digital assets?
A. 2014
B. 2016
C. 2018
D. 2020
Show answer 👀
Thailand passed a law regulating cryptocurrencies and digital assets in C. 2018. The law, called the Digital Asset Management Act
