Cake Defi Bitcoin lesson answers: How to earn BTC on Cake Defi

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With Cake Defi’s learn & earn crypto lessons, registered Cake Defi users can earn up to $3.00 in crypto by completing lessons about cryptocurrencies.

The three lessons focus on Bitcoin, Ethereum (ETH) and DeFiChain (DFI).

This page will take you through Cake Defi’s Bitcoin lesson.

Cake Defi Bitcoin (BTC) lesson answers

Question 1: Which of the following best describes bitcoin?

Answer: A: "Bitcoin is a decentralized digital currency which was created by Satoshi Nakamoto in 2008."

Question 2: Which of the following is the simplest way to describe how Bitcoin works?

Answer: C: "The Bitcoin network allows users to send and receive bitcoins in a peer-to-peer manner and without any central authority involved."

Question 3: How does blockchain technology secure bitcoin transactions?

Answer: B: "Bitcoin transactions are recorded as a chain of blocks."

Question 4: What is the main benefit of mining and the PoW system to the Bitcoin network?

Answer: D: "PoW, alongside the chaining of blocks, makes modifications of the blockchain extremely hard."

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

Answer: D: All of the above

How to sign up to Cake DeFi Bitcoin lessons

Participate in Cake Defi's learn & earn scheme by following the steps below:

  1. Register to Cake DeFi
  2. On Cake Defi’s homepage visit the Learn & earn page
  3. Select the Bitcoin lesson
  4. Take the lesson by answering the questions listed above to earn $1.00 in crypto

More Cake Defi lessons: Cake Defi DeFiChain Lesson Answers: How To Earn DFI On Cake Defi

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