Скачать или смотреть CakeDefi $5 Bitcoin Quiz Answers! Free $5 BTC Learn and Earn!

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Question 1: Which of the following best describes bitcoin?
Answer 1: A - Bitcoin is a decentralized digital currency which was created by Satoshi Nakamoto in 2008. Anyone with an Internet connection can either send or receive it as a form of payment, but it can also be used as a store of value. It is the world’s first-ever cryptocurrency.

Question 2: Which of the following is the simplest way to describe how Bitcoin works?
Answer 2: C - The Bitcoin network allows users to send and receive bitcoins in a peer-to-peer manner and without any central authority involved. These transactions are verified by nodes and are recorded as blocks on the blockchain. Miners compete to append these blocks and are given rewards if successful.

Question 3: How does blockchain technology secure bitcoin transactions?
Answer 3: B - Bitcoin transactions are recorded as a chain of blocks, with each block containing a collection of valid bitcoin transactions and a hash of the previous block up to the genesis block in the chain.

Question 4: What is the main benefit of mining and the PoW system to the Bitcoin network?
Answer 4: D - PoW, alongside the chaining of blocks, makes modifications of the blockchain extremely hard - hence, making the Bitcoin network secure and less prone to malicious attacks.

Question 5: Which of the following products provide long-time bitcoin investors with amazing rewards?
Answer 5: D - All of the above

Heads up, as I said in the video, at the time of recording this quiz is closed for rewards. The purpose of this video is that if the quiz is eligible for rewards again, you can quickly see the answers and get it done. I also made this video to help bring exposure to the CakeDefi platform as you can still get quick free and easy crypto by doing the DeFichain quiz for $5 DFI, and you can do the deposit bonus. If anyone has any questions please let me know and I'd be happy to help! Hopefully the BTC quiz opens back up for more rewards or the Ethereum quiz opens for rewards soon.

Cake DeFi learn and earn quizzes are very similar to coinbase learn and earn and coinmarketcap crypto quizzes. All you have to do is create an account, verify your account, answer a few quick multiple choice questions, i provide you with all of the answers, and you get free crypto or cryptocurrency for it! This quiz on Cake Defi is for free Bitcoin (BTC) on CakeDefi.