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Bitcoin Basics Quiz
✍ 6 questions
🕑 ~3 minutes
✅ Instant results
Question 1 of 6
In what year was Bitcoin created?
A
2007
B
2009
C
2011
D
2013
Bitcoin was created in 2009 by Satoshi Nakamoto. The genesis block was mined on January 3, 2009.
Question 2 of 6
What is the maximum supply of Bitcoin?
A
18 million
B
21 million
C
100 million
D
Unlimited
Bitcoin has a hard cap of exactly 21 million coins, enforced by its code. This fixed supply is one of Bitcoin's defining properties.
Question 3 of 6
Who created Bitcoin?
A
Vitalik Buterin
B
Elon Musk
C
Satoshi Nakamoto
D
The US Government
Bitcoin was created by a person or group using the pseudonym Satoshi Nakamoto, who disappeared from the project in 2010.
Question 4 of 6
What problem does Bitcoin primarily solve?
A
Making online shopping faster
B
Eliminating the need for trusted intermediaries in digital payments
C
Replacing credit cards
D
Tracking government spending
Bitcoin solves the double-spend problem, enabling digital payments without requiring a trusted third party like a bank.
Question 5 of 6
What was embedded in Bitcoin's genesis block?
A
Satoshi's real identity
B
A newspaper headline about a bank bailout
C
The current Bitcoin price
D
A list of early adopters
The genesis block contained the headline "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" both a timestamp and a political statement.
Question 6 of 6
What does "permissionless" mean in the context of Bitcoin?
A
Bitcoin transactions require government permission
B
Anyone can use Bitcoin without needing approval from any authority
C
Bitcoin is illegal without a license
D
Only verified users can receive Bitcoin
Bitcoin is permissionless anyone anywhere with internet access can create a wallet and use it without applying to any authority.
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