@CanalQb

Aprenda e Ganhe - Binance - Crypto Fundamentals


CanalQb


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Module 1: What are cryptocurrencies?

How are cryptocurrencies different from digital currencies? Choose all that apply.
a) A cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. This is what sets cryptocurrencies apart from the digital currencies in your PayPal or digital banking apps, as these apps are operated by centralized organizations
b) Cryptocurrencies and digital currencies are all fiat currencies
c) Cryptocurrencies are an implementation of blockchain technology, while not all digital currencies are
d) Cryptocurrencies’ trading values are volatile while digital currencies values are not



Module 2: Introduction to Bitcoin

Which of the following statement is/are correct? Choose all that apply.
a) Bitcoin was created to meet the need for an electronic payment system based on cryptographic proof instead of trust
b) Bitcoin remains the largest cryptocurrency in terms of market capitalization
c) Bitcoin has a limited supply of 21 million coins in total
d) May 22 is Bitcoin Pizza Day


Module 3: Understanding different types of cryptocurrencies


What is the key difference between a coin and a token?
a) A coin is a digital currency, while a token is a cryptocurrency
b) A coin exists on the blockchain, while a token doesn’t
c) A coin is the native asset of a blockchain, while a token is built on top of the blockchain
d) A token is the native asset of a blockchain, while a coin is built on top of the blockchain


Module 4: Centralized and decentralized exchanges


Which of the following statements is/are correct? Choose all that apply.
a) The two main types of crypto exchanges are centralized & decentralized exchanges
b) The two main types of crypto exchanges are public & private exchanges
c) Centralized exchanges use a middleman to help conduct transactions
d) Decentralized exchanges don’t use a custodian


Module 5: How to use crypto wallets


What’s the difference between a hot and a cold crypto wallet? Choose all that apply.
a) A hot wallet needs both private and public keys, while a cold wallet only needs a private key
b) A hot wallet is connected to the Internet, while a cold wallet has no connection to the Internet
c) A hot wallet isn’t resistant to online hacking attempts; while a cold wallet is resistant to online hacking attempts
d) A hot wallet is easy to set up, while a cold wallet requires some technical experience