Chapter 5: The Present + Future of Cryptocurrency

Question 1

25 Bitcoins are created every 10 _______

Answer 1

minutes

Question 2

the number of BTC is set to be capped at 21,000,000 in the year _____

Answer 2

2140

Question 3

______ is considered to be the leading rival of Bitcoin today

Answer 3

Litecoin [LTC]

Question 4

Litecoin was designed to process small transactions faster than ______

Answer 4

Bitcoin

Question 5

LTC is widely considered to be the _____ to Bitcoin’s “gold”

Answer 5

silver

Question 6

The maximum limit of Litecoin is

Answer 6

84 million

Question 7

XRP [Ripple] functions as both a payment _______ and a currency

Answer 7

system

Question 8

XRP’s payment mechanism allows fund transfers to be processed in just a few ________

Answer 8

seconds

Question 9

_______ is akin to Bitcoin, yet created by a government institution

Answer 9

MintChip

Question 10

when trading cryptocurrencies, it’s essential to ________ investments

Answer 10

diversify

Question 11

it’s also crucial to invest in at least one more ______ cryptocurrency

Answer 11

stable

Question 12

pay close attention to market _____ and circulation

Answer 12

cap

Question 13

research _________ coin/ token’s history

Answer 13

cryptocurrency

Question 14

avoid cryptocurrencies that have already suffered huge ______ in market cap

Answer 14

drops/ declines

Question 15

Also, always seek to eschew investing or trading coins that have a history of huge _______ & peaks

Answer 15

corrections

Question 16

learn about the ______ they can solve as well as how they intend to solve more problems

Answer 16

problems

Question 17

search for _______ with a strong idea backing + innovative technology

Answer 17

offerings

Question 18

do research on the _____ team, leadership, and track record of the company

Answer 18

tech

Question 19

look for possible _____ offerings

Answer 19

ICO

Question 20

conduct research on _______ offerings in the past

Answer 20

successful

Question 21

BCH is a standalone cryptocurrency that has a faster ________ time than Bitcoin

Answer 21

transaction

Question 22

BCH has a maximum block size of _______ MB

Answer 22

8

Question 23

Bitcoin’s maximum block size, however, is only _______ MB

Answer 23

1

Question 24

XRP is the cryptocurrency which underpins _______ (i.e., payment network)

Answer 24

RippleNet

Question 25

XRP also possesses the ability to process transactions in multiple __________

Answer 25

currencies

Question 26

In contrast, _________ is underpinned by Lumens/ Stellar

Answer 26

XLM

Question 27

NEO is similar to Ethereum in that it also allows users to develop _______, as well as smart contracts

Answer 27

DApps

Question 28

The _______ Team requires users to verify their identities on the network

Answer 28

NEO

Question 29

ETH: a cryptocurrency that allows users to code and release their own DAPPS + ________ contracts

Answer 29

Smart

Question 30

smart contracts enforce clauses __________

Answer 30

automatically

Question 31

each time a transaction is processed, a small amount of _______ is destroyed

Answer 31

ETH

Question 32

Ether also has fast transaction speeds + an unlimited _________

Answer 32

supply

Question 33

this coin is the official cryptocurrency of EOS.IO (i.e., a blockchain platform that replicates the key functionality of the OS and computer hardware)

Answer 33

EOS

Question 34

EOS has an _________ supply

Answer 34

unlimited

Question 35

Although BCH's upper limit is 21,000,000 coins, XRP's maximum supply is ______ billion

Answer 35

100

Question 36

traders must pay close attention to _______ + software updates in order for them to understand the evolution of scaling tech

Answer 36

forks

Question 37

among the best trading times for BTC are _____ from Saturdays to Fridays

Answer 37

0800 - 2000

Question 38

most liquidity is available at approximately 8 - ______ (European market times)

Answer 38

17/ 5

Question 39

consider trading on a platform in which you can benefit from fixed ________ on the major cryptocurrencies

Answer 39

spreads

Question 40

A Bitcoin ________ event occurs when the reward for mining Bitcoin transactions is halved

Answer 40

halving

Question 41

halving also cuts in half the inflation rate of _________ as well as the rate at which new ________ come into circulation

Answer 41

Bitcoin Bitcoins

Question 42

Bitcoin halving event generally occurs approximately every ______ years or every 210,000 blocks mined until completion

Answer 42

four