Foundational Concepts Flashcards
7 cards from real CBE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Foundational Concepts flashcards as text
What is the maximum total supply of bitcoin?
Answer: 21 million
Bitcoin's protocol caps the total supply at 21 million coins.
How often does Bitcoin's block subsidy halve?
Answer: Every 210,000 blocks
The block reward halves every 210,000 blocks, about every four years.
In September 2022, Ethereum moved from Proof-of-Work to Proof-of-Stake. What is this event called?
Answer: The Merge
The Merge joined Ethereum's execution layer with the Beacon Chain and switched it to Proof-of-Stake.
What does a 51% attack let an attacker do?
Answer: Reorganize recent blocks and double-spend their own coins
Majority hash power lets an attacker rewrite recent history to double-spend, but not forge signatures or break supply rules.
Which hash function does Ethereum mainly use?
Answer: Keccak-256
Ethereum uses Keccak-256, a variant of the SHA-3 family, for addresses and hashing.
What does a mnemonic seed phrase (BIP-39) represent?
Answer: A human-readable backup that can regenerate a wallet's private keys
The 12- or 24-word seed phrase encodes the master seed from which all of the wallet's keys are derived.
Which feature of blockchain makes it hard to alter past records without detection?
Answer: Each block includes the previous block's hash, so changing one block breaks every later link
Hash-linking means tampering with any block invalidates every block after it.