CakeDefi Bitcoin Quiz Answers: Learn & Earn $5 BTC Token

CakeDefi Bitcoin Quiz Answers

CakeDefi Bitcoin Quiz Answers: Participate in CakeDefi learn & earn quiz campaign and win assured $5 worth Bitcoin (BTC) token from the Bitcoin quiz.

To participate, you must have your account on CakeDefi. If you don’t have one then create your one account from the below-given registration link and complete KYC verification.

Bitcoin quiz questions will generally be based on the same topic itself and therefore make sure to learn about it through the provided short lessons or videos.

These Learn and earn quizzes are similar to other quizzes of Coinmarketcap, Coinbase, Binance, Phemex, etc. where you can earn free cryptocurrency by just taking the quiz.

CakeDefi Bitcoin learn and earn free $5 in BTC-DFI tokens from is for a limited time and for limited users and those who complete the quiz will get assured rewards for that quiz.

Participate & Earn Assured $5 Worth BTC

1) Tap on the link given below and create your new account on CakeDefi.

2) Enter your name, email id, password, country and the below given referral code.

CafeDefi Referral Code: 121834

3) Verify your email id by entering 6 digit code. Done! Now again login the site.

4) Complete your KYC verification, which is mandatory to claim the rewards.

5) Go to learn and earn section there you will get all live quizzes.

6) Take the Bitcoin quiz, submit the answers and earn $5 in BTC-DFI tokens.

CakeDefi Bitcoin Quiz Answers

Q1) Which of the following best describes bitcoin?

Answer: A. Bitcoin is a decentralized digital currency that was created by Satoshi Nakamoto in 2008. Anyone with an Internet connection can either send or receive it as a form of payment, but it can also be used as a store of value. It is the world’s first-ever cryptocurrency.

Q2) 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. These transactions are verified by nodes and are recorded as blocks on the blockchain. Miners compete to append these blocks and are given rewards if successful

Q3) How does blockchain technology secure bitcoin transactions?

Answer: B. Bitcoin transactions are recorded as a chain of blocks, with each block containing a collection of valid bitcoin transactions and a hash of the previous block up to the genesis block in the chain.

Q4) 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 – hence, making the Bitcoin network secure and less prone to malicious attacks.

Q5) Which of the following products provide long-time bitcoin investors with amazing rewards?

Answer: D. All of the above