Binance Bitcoin Basics Quiz Answers for Learn and Earn

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• Content: This guide provides answers to the Binance Learn and Earn Bitcoin Basics quiz.

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This guide contains the Binance Learn and Earn Bitcoin Basics quiz answers to earn 0.00001 BTC in principal rewards.

Binance Learn and Earn Binance Bitcoin Basics Quiz Answers

Question: What is Bitcoin mining?

Answer: The process of verifying and adding new transactions to the blockchain.

Question: What is the name of the first ever Bitcoin block?

Answer: Genesis Block.

Question: What is the significance of the Bitcoin halving event?

Answer: It reduces the block reward for miners.

Question: What transactions do Bitcoin miners use to validate transactions?

Answer: Proof of Work.

Question: When was the Bitcoin whitepaper published?

Answer: 2008.

Question: What are the risks associated with investing in Bitcoin?

Answer: All alternatives are correct.

Question: What is the maximum supply of Bitcoin?

Answer: 21 million units.

Question: What is a key feature of Bitcoin’s blockchain?

Answer: Immutability.

Question: Who is Satoshi Nakamoto?

Answer: The pseudonymous creator of Bitcoin.

Question: What does each new block added to the Bitcoin blockchain contain?

Answer: A list of recent transactions and a link to the previous block.

Question: Who created Bitcoin?

Answer: Satoshi Nakamoto.

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