Instructions: You get 10 points for every correct answer and zero points for wrong answers.
- What is the smallest unit of Bitcoin called, and how many of these units make up one Bitcoin?
- What is the total fixed supply of Bitcoin, and how is this number mathematically derived?
- What was the name of the cryptographic mailing list where Satoshi Nakamoto first announced Bitcoin?
- What is the average block time for Bitcoin, and why is it important?
- In 2010, a little over a year after Bitcoin launched, for the first time in history, Bitcoin was used as a medium of exchange to actually purchase goods and services. What item was purchased, and how many?
- What unique feature differentiates Bitcoin’s Proof-of-Work consensus mechanism from Proof-of-Stake?
- What’s the name of the publicly traded corporation in the US that has the largest amount of Bitcoin in its corporate treasury? Also, name its current CEO.
- What was the first nation-state in the world to adopt Bitcoin as legal tender in 2021? You get an extra point if you can name the president of this country.
- What is the primary purpose of Bitcoin’s difficulty adjustment, and how often does it occur?
- Bitcoin first launched in 2009. In 2013, it made global headlines protecting Bitcoin holders against government confiscation of wealth during an economic crisis. What country was undergoing a banking and economic meltdown where deposits over a certain amount were confiscated?