(A+B) Litecoin Investment Research Quiz Tracks: Please answer the quiz questions below. (A+B) Track: Before starting this quiz, please watch the lecture called (A+B) Litecoin Investment Research Quiz
Question #1:
Which statement below is true?
1 Litecoin is endorsed by all of the goverments of top ten largest countries in the world. 2 Litecoin transactions are processed much slower than any other cryptocurrency. 3 The maximum number of Litecoin that will ever be produced is 12 million. 4 Mining Litecoin is getting much less competititive. 5 Litecoin works with only 1 of the wallets mentioned in this course. 6 Litecoin's cryptocurrency is called Ether. 7 Litecoin was founded in 2010. 8 All of the statements above are true.
Please answer the question above by selecting one answer. The answers are at the bottom of this PDF document. Thanks
Question #2:
Litecoin's block size is restricted to a size of:
1 About 10 minutes 2 10-20 seconds 3 2.5 minutes 4 About 2 minutes 5 24601 minutes….what play is that from ; ) 6 18-24 seconds 7 About 20 seconds 8 None of the above.
Please answer the question above by selecting one answer. The answers are at the bottom of this PDF document. Thanks
Question #3:
Which cryptocurrency wallets mentioned in this course accept Litecoin?
1 Of the 8 wallets discussed in the course, all of them support Litecoin. 2 Of the 8 wallets discussed in the course, the Coinbase wallet, Digital Bitbox, and The Blockchain Wallet are the only ones that do not support Litecoin. 3 Of the 8 wallets discussed in the course, the Blockchain Wallet is the only one that doesn't support Litecoin. Of the 8 wallets discussed in the course, none of them currently support Litecoin, however, Ledger Nano S is working on integrating Litecoin into their hardware 4 wallets. 5 Of the 8 wallets discussed in the course, only paper wallets, Trezor, and the Ledger Nano S support Litecoin. 6 Of the 8 wallets discussed in the course, paper wallets, Trezor, and the Ledger Nano S are the only ones that seem to support Litecoin. 7 Of the 8 wallets discussed in the course, the only ones compatible with Litecoin are paper based wallets and the Ledger Nano S. 8 Of the 8 wallets discussed in the course, only the QR code paper based wallet and the Ledger Nano S support Ripple.
Please answer the question above by selecting one answer. The answers are at the bottom of this PDF document. Thanks
Question #4:
Which cryptocurrency exchanges mentioned in this course accept Litecoin?
1 Of the 6 exchanges discussed in the course, all of them support Litecoin. 2 Of the 6 exchanges discussed in the course, Gemini and GDAX are the only ones that don't support Litecoin. 3 Of the 6 exchanges discussed in the course, all of them support Litecoin except for Gemini. 4 Of the 6 exchanges discussed in the course, Gemini and GDAX are the only exchanges that do not support Litecoin. 5 Of the 6 exchanges discussed in the course, Binance, Bittrex, Kraken and Poloniex support Litecoin. 6 Of the 6 exchanges discussed in the course, Poloniex, Bittrex and Binance support Litecoin. 7 Of the 6 exchanges discussed in the course, Kraken is the only exchange it is available on (per the list on Litecoin's official website of exchanges). 8 None of the answers above are correct
Please answer the question above by selecting one answer. The answers are at the bottom of this PDF document. Thanks Question #5:
Which statement is correct about Litecoin's noteable reference customers or partners ?
1 Overstock.com, DISH network, Microsoft, Intuit and PayPal are just a handful of name-brand organizations that support and utilize Litecoin's technology. 2 Aliant Payments Systems, RE/MAX global real estate network, PureVPN, and Overstock are some of the key businesses partnered with Litecoin. 3 American Express, Banco Santander, MoneyGram International, Deloitte, and SBI Holdings are among some of the notable partners using Litecoin. 4 Litecoin's website lists hundreds of online stores that accept Litecoin coins to purchase goods and services. In addition, Litecoin has secured a partnership with Spanish startup, Bitnovo as the first cryptocurrency to become available to 10,000 retailers across Spain (thanks to Bitnovo's network). 5 Unlike some of the successful US-based cryptocurrencies, Litecoin doesn't have a long list of brand-name companies as partners or customers. However, they do have partnerships with some big names in crypto and blockchain including Bancor, Coindash, Agrello, Elastos, and HPB. 6 Emurgo, SIRIN LABS, and Litecoin is officially accepted as a form of payment at Hotel Ginebra in Spain. 7 All of the statements above are true. 8 None of the statements above are correct.
Please answer the question above by selecting one answer. The answers are at the bottom of this PDF document. Thanks
Answer to Question #1 is: 7 Litecoin was founded in 2010.
Answer to Question #2 is: 3 2.5 minutes
Answer to Question #3 is: 3 Of the 8 wallets discussed in the course, the Blockchain Wallet is the only one that doesn't support Litecoin.
Answer to Question #4 is: 3 Of the 6 exchanges discussed in the course, all of them support Litecoin except for Gemini.
Answer to Question #5 is: 8 None of the statements above are correct.
Next Step: Please watch the next lecture, called: (A+B) An Exercise on Creating Your Version of the Litecoin Investment Framework