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Introduction to Cryptocurrency

Digital Literacy

Learn the basics of digital currencies, blockchain technology, and how decentralized money works.

cryptocurrency finance technology
8 Questions Easy Ages 11+ Apr 2, 2026

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About this Study Set

This study set covers Digital Literacy through 8 practice questions. Learn the basics of digital currencies, blockchain technology, and how decentralized money works. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

Questions & Answers

Browse all 8 questions from the Introduction to Cryptocurrency study set below. Each question shows the correct answer — select a study format above to practice interactively.

1 What is a cryptocurrency?
  • A A physical gold coin
  • B A type of paper bank note
  • C A digital or virtual currency
  • D A plastic credit card
2 Which of these was the first cryptocurrency ever created?
  • A Litecoin
  • B Ethereum
  • C Bitcoin
  • D Dogecoin
3 What technology is used to record cryptocurrency transactions across many computers?
  • A Blockchain
  • B Bluetooth
  • C Cloud storage
  • D Fiber optics
4 What pseudonym was used by the person or group who created Bitcoin?
  • A Elon Musk
  • B Satoshi Nakamoto
  • C Mark Zuckerberg
  • D Vitalik Buterin
5 Where do users typically store their cryptocurrency digital keys?
  • A In a physical safe
  • B In a digital wallet
  • C At a local post office
  • D In a school locker
6 What is the process of using computers to verify transactions and earn new units of cryptocurrency?
  • A Farming
  • B Gardening
  • C Mining
  • D Harvesting
7 Cryptocurrency is 'decentralized,' meaning it is generally NOT controlled by:
  • A The internet
  • B A central bank or government
  • C Computer software
  • D Individual users
8 A blockchain acts as a shared record of all transactions. What is this record often called?
  • A A diary
  • B A textbook
  • C A ledger
  • D A dictionary
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