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Quizzes > Quizzes for Business > Finance

Ultimate Crypto Founder Knowledge Quiz

Assess Your Blockchain Innovator Expertise Quickly

Difficulty: Moderate
Questions: 20
Learning OutcomesStudy Material
Colorful paper art promoting a fun crypto founder knowledge quiz.

Whether you're a blockchain enthusiast or a crypto curious learner, this Crypto Founder Knowledge Quiz offers a fun and insightful way to measure your grasp of pioneering figures in digital currency. In just 15 engaging multiple-choice questions, participants can identify key founders and understand their strategies. Educators and self-driven learners alike will gain sharper insights and be primed to explore related topics like the Crypto Knowledge Assessment Quiz or the DeFi & Crypto Platform Knowledge Quiz. You can also modify this quiz for your needs directly in our editor and discover more quizzes to expand your blockchain expertise.

Who is the pseudonymous founder of Bitcoin?
Satoshi Nakamoto
Vitalik Buterin
Charlie Lee
Gavin Wood
Satoshi Nakamoto is the pseudonymous developer who authored Bitcoin's whitepaper and mined its genesis block. The other names are founders of different cryptocurrency projects.
Which individual co-founded Ethereum and authored its original whitepaper?
Vitalik Buterin
Satoshi Nakamoto
Charles Hoskinson
Jed McCaleb
Vitalik Buterin wrote the Ethereum whitepaper in 2013 and played a central role in launching the network. The other figures are known for different blockchain initiatives.
Which blockchain project was founded by Charles Hoskinson?
Cardano
Ethereum
Polkadot
Ripple
Charles Hoskinson is a co-founder of Cardano and emphasized a research-driven approach to its development. Ethereum was co-founded by Vitalik Buterin and others.
Who founded Polkadot after co-founding Ethereum?
Gavin Wood
Satoshi Nakamoto
Vitalik Buterin
Jed McCaleb
Gavin Wood, a co-founder of Ethereum and author of its yellow paper, later launched Polkadot to enable multi-chain interoperability. The other figures did not found Polkadot.
Which entrepreneur is a co-founder of Ripple and known for early banking partnerships?
Chris Larsen
Jed McCaleb
Arthur Breitman
Charlie Lee
Chris Larsen co-founded Ripple and spearheaded partnerships with financial institutions for cross-border payments. The other individuals are founders of different projects.
In which year was Bitcoin's Genesis block mined?
2009
2008
2010
2011
Bitcoin's Genesis block was mined by Satoshi Nakamoto on January 3, 2009, marking the network's launch. Earlier or later years do not correspond to the genesis date.
Ethereum's introduction of smart contracts primarily enabled what?
Automated code execution on the blockchain
Anonymity for transactions
Proof-of-stake mining
Faster block times than Bitcoin
Smart contracts on Ethereum allow self-executing code to run on the blockchain once pre-defined conditions are met. This mechanism did not focus on anonymity or consensus changes.
Which founding strategy did Binance employ to bootstrap its ecosystem?
Conducting an ICO for BNB with planned token burns
Airdropping tokens to Bitcoin holders
Subsidizing mining rewards
Selling enterprise licenses
Binance raised funds and created community incentive by issuing BNB tokens via an ICO, coupled with regular token burns to reduce supply. The other strategies were not its primary launch approach.
Which project is noted for using formal peer-reviewed academic research before its mainnet launch?
Cardano
Ethereum
Polkadot
Litecoin
Cardano's design emphasizes peer-reviewed papers and academic collaboration prior to implementation. Ethereum and Polkadot followed more iterative, developer-led processes.
What consensus mechanism does Polkadot use?
Nominated Proof-of-Stake (NPoS)
Delegated Proof-of-Stake (DPoS)
Proof-of-Authority
Proof-of-Work
Polkadot employs Nominated Proof-of-Stake (NPoS) to select validators based on stake nominations from token holders. The other mechanisms apply to different blockchains.
After how many blocks did Bitcoin's first halving occur?
210000
100000
500000
10000
Bitcoin's protocol halves its block reward every 210,000 blocks, with the first halving happening approximately in November 2012. Other block counts are incorrect.
Litecoin's founder reduced its block time to approximately what interval?
2.5 minutes
1 minute
5 minutes
10 minutes
Charlie Lee set Litecoin's block time to roughly 2.5 minutes to enable faster transaction confirmations. Bitcoin's block time remains about 10 minutes.
Which founding focus accelerated early Ethereum adoption?
Engaging the developer community through hackathons and conferences
Mass marketing to retail investors
Immediate enterprise licensing
Limiting network upgrades
Ethereum's team prioritized building tools and hosting developer events that fostered a strong dApp ecosystem. Marketing to retail or restricting upgrades were not the primary drivers.
Ripple's founders initially targeted which market segment for adoption?
Banking partnerships and remittances
Online gaming platforms
Retail e-commerce merchants
Decentralized exchanges
Ripple's early strategy centered on collaborating with banks and payment providers to speed up cross-border transactions. Other segments became relevant later but were not initial targets.
What was Bitcoin's first documented commercial transaction?
Purchase of two pizzas for 10000 BTC
Sale of a coffee for 1 BTC
Transaction between developers without payment
Mining reward sent to Hal Finney
On May 22, 2010, Laszlo Hanyecz bought two pizzas for 10000 BTC, marking the first known real-world Bitcoin purchase. The other options didn't involve commercial exchange of goods.
What distinguishes Cardano's founding research approach from Ethereum's?
Cardano mandates peer-reviewed academic research before design, while Ethereum used an iterative, developer-driven release
Cardano uses proof-of-work consensus, while Ethereum always used proof-of-stake
Cardano's founder remains pseudonymous, while Ethereum's founders are public
Cardano launched earlier than Ethereum
Cardano emphasizes formal academic peer review of its protocols before implementation, contrasting with Ethereum's more experimental, agile development. This illustrates differing strategic focuses by the founders.
How did Bitcoin's block size debate illustrate founders' influence on protocol governance?
Satoshi's reluctance to increase block size led to forks, highlighting the founder's vision shaping community direction
It halted all development until a new founder was appointed
It caused Ethereum to switch to proof-of-stake immediately
The debate was resolved by a vote of all cryptocurrency founders
Satoshi Nakamoto's cautious stance on block size changes spurred community splits like Bitcoin Cash, showing how founder viewpoints can direct protocol evolution. The other options misrepresent the governance process.
Which principle underlies Tezos' self-amending ledger model?
On-chain governance allowing stakeholders to vote on upgrades
Off-chain committees making update decisions
A fixed schedule of manual code releases
External regulatory body approval
Tezos was designed with on-chain governance, enabling protocol upgrades through stakeholder voting without hard forks. External committees or fixed schedules differ from its self-amending model.
When assessing a new blockchain venture, which founder-related metric best predicts early ecosystem growth?
Founder's track record in successful tech projects and community trust
Size of the initial token supply
Length of the project's whitepaper
Number of GitHub stars on the first commit
A founder's proven history and reputation often drive community confidence and attract talent or investment, fostering early growth. Token metrics or documentation length are less directly predictive.
Which launch tactic most closely mirrors Ethereum's successful ecosystem strategy for a new blockchain?
Providing developer grants and organizing hackathons to foster dApp creation
Focusing solely on broad social media marketing
Freezing protocol changes for stability
Launching without community events or tooling
Ethereum accelerated its network adoption by funding developers and hosting events, which built a rich dApp ecosystem. Pure marketing or static protocols do not replicate this approach.
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Learning Outcomes

  1. Identify major crypto founders and their breakthrough projects
  2. Analyse the impact of founding strategies on blockchain adoption
  3. Evaluate historical milestones set by early crypto innovators
  4. Master key principles underlying top cryptocurrency launches
  5. Demonstrate understanding of founders' roles in ecosystem growth
  6. Apply insights to assess emerging blockchain ventures

Cheat Sheet

  1. Vitalik Buterin's Visionary Leadership - Vitalik supercharged blockchain beyond simple money transfers by dreaming up Ethereum, where programmable smart contracts and decentralized apps could flourish. His forward-thinking approach opened up a world of possibilities beyond Bitcoin's original design. The Man Behind Ethereum Is Worried About Crypto's Future
    2. The Man Behind Ethereum Is Worried About Crypto's Future
  2. Charles Hoskinson's Research-Driven Cardano - After co-founding Ethereum, Charles set sail to build Cardano, tackling blockchain's scaling and interoperability headaches with a peer-reviewed, academic mindset. His emphasis on formal methods aims to create a rock-solid, future-proof network. Charles Hoskinson
    3. Charles Hoskinson
  3. Justin Sun's TRON Revolution - Justin Sun launched TRON to shake up the internet's content playground, giving creators direct control over sharing and monetization. By acquiring BitTorrent, he supercharged peer-to-peer file sharing on the blockchain. Justin Sun
    4. Justin Sun
  4. Ripple Labs' Real-Time Payments - Chris Larsen and Jed McCaleb dreamed up Ripple Labs to make international money transfers as fast as a click. Their enterprise-focused rails have reshaped cross-border payments for banks around the globe. Ripple Labs
    5. Ripple Labs
  5. Dogecoin's Playful Origins - What started as a tongue-in-cheek riff on crypto hype turned into Dogecoin, complete with its friendly Shiba Inu mascot and a surprisingly passionate community. Billy Markus and Jackson Palmer showed that fun can fuel real-world blockchain use. Dogecoin
    6. Dogecoin
  6. Blockchain Adoption Strategies - From Ethereum's DeFi explosion to Cardano's modular scaling vision, these innovators crafted blueprints that turbocharged mainstream adoption. By combining programmable finance with enterprise partnerships, they set the pace for the entire industry. Blockchain Adoption Strategies
    7. Decentralized Finance (DeFi)
  7. Key Technological Milestones - Ethereum's epic Merge to proof-of-stake cut its energy appetite by over 99%, while Ripple sealed partnerships with major banks to streamline payments. These breakthroughs highlight blockchain's power to evolve and solve real-world problems. Ethereum Proof-of-Stake Transition
    8. The Merge History
  8. Core Principles of Successful Launches - Decentralization, scalability, and security are the holy trinity that separate flash-in-the-pan tokens from platforms built to last. Grasping these concepts lets you spot blockchain projects with real staying power. Crypto Fundamental Principles
    9. Decentralization
  9. Founders as Community Catalysts - Leaders like Buterin and Hoskinson aren't just coders - they're community captains, governance gurus, and tireless evangelists. Their hands-on roles in hackathons, policy votes, and developer calls keep ecosystems vibrant. Ecosystem Growth & Governance
    10. Blockchain Governance
  10. Applying Case Study Insights - Use these stories as your secret sauce when scouting emerging blockchain ventures. Evaluate founders' visions, tech innovations, community engagement, and strategic partnerships to predict which projects will soar. Assessing Emerging Blockchain Ventures
    11. How to Evaluate New Startups
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