What year was Bitcoin created by Satoshi Nakamoto?

A. 2009

B. 2008

C. 2013

D. 2017

Bitcoin was the first successful implementation of blockchain technology.

True

False

What is the maximum supply limit of Bitcoin?

A. 1 million

B. 10 million

C. 21 million

D. 100 million

Bitcoin is considered a fungible token.

True

False

Bitcoin transactions are recorded on which type of ledger?

A. Cloud storage

B. Blockchain

C. Physical books

D. Centralized database

What is Bitcoin’s primary use case?

A. As a stable currency

B. As a decentralized digital currency for peer-to-peer transactions

C. As a legal tender backed by a government

D. For sending emails securely

Which process secures the Bitcoin network and confirms transactions?

A. Staking

B. Mining

C. Voting

D. Trading

Bitcoin transactions are completely anonymous and cannot be traced.

True

False

Which consensus mechanism does Bitcoin use to validate transactions?

A. Proof of Stake (PoS)

B. Proof of Work (PoW)

C. Delegated Proof of Stake (DPoS)

D. Proof of Authority (PoA)

Bitcoin was designed as an alternative to which of the following?

A. Government-regulated fiat currencies

B. Physical goods like gold

C. Traditional financial systems

D. All of the above