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Quiz: Altcoins

There are over 10,000 altcoins on the cryptocurrency market, many with differing use cases and development teams. Test your knowledge with this Swyftx Learn altcoins quiz!

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Question 1

Altcoins all have the same functionality as Bitcoin.

True False

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Question 2

What does the “alt” in altcoin stand for?

Alternating Automated Link Transfer Alternative None of the above

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Question 3

Litecoin is faster and cheaper to transfer than Bitcoin.

True False

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Question 4

Altcoins are popular because...

Their price only goes up They are cheap Elon Musk tweeted about them Every altcoin will change the world None of the above

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Question 5

A governance token gives users an efficient and secure way to vote in political elections.

True False

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Question 6

Which of these is a type of altcoin?

Stablecoin Governance token Utility token All of the above

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Question 7

An initial coin offering (ICO) is a method some projects use to raise funds to support early development of a crypto project

True False

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Question 8

How many altcoins are there on the crypto market?

350 1,000 Over 10,000 None of the above

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Question 9

What are the features of a stablecoin?

Non-volatile Accessible globally Pegged to fiat currencies or real-world assets All of the above

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Question 10

What is the difference between a cryptocurrency coin and token?

You can have an unlimited amount of coins but you can only have one token Coins are native to their own blockchain, and tokens are built upon another blockchain Coins can only be used to pay for goods and services whereas tokens can only be used in video game arcades None of the above

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