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Which of the following is considered an altcoin?

A) Bitcoin

B) Ethereum

C) Ripple (XRP)

D) Both B and C

Any cryptocurrency that is not Bitcoin is classified as an altcoin.

True

False

Which of the following altcoins focuses on privacy and anonymity?

A) Ethereum

B) Monero

C) Dogecoin

D) Cardano

What does the term “altcoin” refer to?

A) A government-issued digital currency

B) Any cryptocurrency that is an alternative to Bitcoin

C) Tokens that can only be used in games

D) Cryptocurrencies tied to fiat currencies

Stablecoins are a type of altcoin that are typically pegged to the value of fiat currencies like the US dollar.

True

False

Which of the following altcoins is known for its focus on smart contract functionality?

A) Litecoin

B) Ethereum

C) Bitcoin Cash

D) Tether

What was the main reason behind the creation of many altcoins?

A) To replicate Bitcoin’s exact structure

B) To provide alternatives that improve upon perceived limitations of Bitcoin, such as transaction speed and scalability

C) To create a centralized banking system

D) To develop only meme-based currencies

Litecoin was one of the earliest altcoins created as a "lighter" and faster version of Bitcoin.

True

False

Which of the following is a primary characteristic of stablecoins?

A) They fluctuate wildly in value like other cryptocurrencies

B) They are always tied to a fixed amount of a commodity or fiat currency

C) They require high transaction fees

D) They are illegal in most countries

Dogecoin started as a joke but eventually became one of the most widely traded altcoins.

True

False

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