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Certified Bitcoin Professional Practice Exam with correct answers

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Certified Bitcoin Professional Practice Exam with correct answers

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Certified Bitcoin Professional Practice ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Exam with correct answers ||\\||\\ ||\\||\\ ||\\||\\




How Many Bitcoins Are There Now in Circulation? -
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔There are currently ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




18,591,868.75 bitcoins in existence. This number ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




changes about every 10 minutes when new blocks ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




are mined. Right now, each new block adds 6.25
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




bitcoins into circulation ||\\||\\ ||\\||\\




When backing Up Your Bitcoin Wallet, As Long As You
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Copy Your Addresses, Your Bitcoins Are Safe. - correct
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




answers ✔✔False
||\\||\\ ||\\||\\




BIP Stands For Bitcoin Improvement Protocol. -
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔False. It stands for Bitcoin ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Improvement Proposal ||\\||\\

,Which Of The Following Is The Safest Way To Receive
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Bitcoin From Someone? - correct answers ✔✔Have ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Them Give You A Sealed Paper Wallet That Has The
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Expected Amount Of Bitcoin On It. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Addresses And Keys Created With One Bitcoin ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Application Cannot Be Exported Or Imported Into ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Another Bitcoin Application. - correct answers ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




✔✔True.


What Is The Secure Payment Protocol In Bitcoin? -
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔An Extension To The Bitcoin ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Protocol That Derives Private Keys From Addresses In ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Order To Increase Security.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




A Bitcoin Transaction Can Only Be Signed On A
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Machine Connected To The Bitcoin Network. - ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔False. ||\\||\\ ||\\||\\

, An Encryption Algorithm Transforms Plain Text Into
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Cipher Text Using A Key. - correct answers ✔✔True. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




You Should Pay A Fee When Sending A Bitcoin
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Transaction Or It May Not Arrive At Its Destination. - ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔True. ||\\||\\ ||\\||\\




One Bitcoin Can Currently Be Subdivided into how
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




many units? - correct answers ✔✔At Most 100 ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Million Sub Units called Satoshis. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




What Organisation Has Authority Over The Price Of A||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Bitcoin. - correct answers ✔✔No Organisation Has
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Authority Over The Price Of Bitcoin. The price of ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Bitcoin is determined by supply and demand. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Lightweight Bitcoin Clients Do Not Have A Local Copy ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Of The Bitcoin Blockchain. - correct answers
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




✔✔True.

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