Crypto Jobs Test 5

Question 1

Blockchain technology and decentralized networks are the foundations of cryptocurrencies.

Accepted Answer

True

Answer

False

Answer

Sometimes

Question 2

A basic factor to take into account when looking for solid cryptocurrencies to invest in is the project's...

Accepted Answer

Use cases, adoption, market cap, project roadmap

Answer

Long Term uptrend

Answer

Library

Answer

All of the above

Question 3

Wallets are used to hold all bitcoin units.

Accepted Answer

True

Answer

False

Answer

Sometimes

Question 4

You'll need a _________ in order to move cryptocurrency from one wallet to another.

Accepted Answer

A public wallet address

Answer

An email address

Answer

A zipcode

Answer

An IP address

Question 5

Bitcoin is fully anonymous and private.

Accepted Answer

False

Answer

True

Answer

Sometimes

Question 6

NFT is short for:

Accepted Answer

Non-Fungible Token

Answer

Network File Transfer

Answer

Node Forex Transaction

Answer

None of the above

Question 7

When it comes to classifying cryptocurrencies, payment coins are what Bitcoin, Litecoin, and Digibyte all fall under.

Accepted Answer

True

Answer

False

Answer

Sometimes

Question 8

Stablecoins are what?

Accepted Answer

Digital assets linked to real-world assets like commodities and fiat currencies

Answer

Distinctive digital collectibles

Answer

Cryptocurrencies that fuel platforms for smart contracts

Answer

Digital assets with private ledgers to increase the user's anonymity

Question 9

A blockchain is a database kept by a central bank.

Accepted Answer

False

Answer

True

Answer

Sometimes

Question 10

How can a cryptocurrency investor reduce risk in their strategy?

Accepted Answer

All of the above

Answer

Invest using the dollar cost average (DCA) method.

Answer

Before buying a cryptocurrency, do some research on it.

Answer

Create a broad, well-balanced portfolio.