This page will take you through Cake Defi’s Bitcoin lesson.
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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:
- Register to Cake DeFi
- On Cake Defi’s homepage visit the Learn & earn page
- Select the Bitcoin lesson
- Take the lesson by answering the questions listed above to earn $1.00 in crypto
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