MCQ Practice Hub

Cryptocurrency MCQs

Q41. What is the Bitcoin whitepaper title?

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Correct: Bitcoin: A Peer-to-Peer Electronic Cash System

The whitepaper outlines a decentralized digital currency.

Q42. What is sharding in blockchain?

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Correct: Dividing the network into smaller parts for scalability

Sharding improves transaction throughput by parallel processing.

Q43. Which crypto uses Avalanche?

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Correct: AVAX

AVAX is the token for the Avalanche consensus protocol.

Q44. What is a memecoin?

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Correct: Cryptocurrency based on internet memes

Examples include Dogecoin and Shiba Inu.

Q45. What does AML stand for?

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Correct: Anti-Money Laundering

AML regulations prevent illegal financial activities.

Q46. Which is the native token of Polygon?

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Correct: MATIC

MATIC is used for fees on the Polygon scaling solution.

Q47. What is a smart contract?

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Correct: Self-executing contract with terms in code

Smart contracts automatically enforce agreements.

Q48. Which crypto event is called 'The Flippening'?

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Correct: Ethereum surpassing Bitcoin in market cap

It refers to ETH potentially overtaking BTC.

Q49. What is a blockchain oracle?

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Correct: Service providing external data to smart contracts

Oracles like Chainlink connect blockchains to real-world data.

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