July 4th Quiz Answers and Explanations

July 15, 2018
July 4th Quiz Answers and Explanations

Dear Community,

We hope that you enjoyed the quiz and learned a lot of new info about Bytecoin. We've decided to make a brief clarification to help you understand the answers about the technology of Bytecoin and its history a bit more.

1.How to check your transaction exists

  • Blockbuster
  • Scan the log files
  • On the Block Explorer
  • Check your balance

Block explorers allow anyone to examine the blockchain using block hash, TX hash, Height, Amount, or Payment ID. Examples include:

If it doesn’t find your transaction or says it is in an “orphan block”, then your money didn’t go anywhere.

2.How do you know if the Bytecoin Desktop wallet has finished syncing the blockchain?

  • Your balance is shown
  • It makes a ding sound
  • The application will ask you to restart your computer
  • The status bar at the bottom

Yes, you don’t need to do anything after it finishes. The pink bar at the bottom represents the process of downloading the remaining blocks, as well as tells you the time at which the currently downloaded block was mined.

3.What is the brand color of Bytecoin (#number)?

  • 1337
  • Pink
  • #FF0082
  • Black

Yes, it is pink, #FF0082 to be precise. It is a hex number that describes this exact shade of pink out of 16777217 colors.

4.How many Atomic Units is in one Bytecoin?

  • 100,000,000
  • 1,000,000
  • Unlimited
  • 42

1 BCN is 100,000,000 AU (a hundred million). Atomic Units to a BCN are like cents to a dollar. Sometimes it is more convenient to write fractional amounts in AU than in zeroes after the dot. Bytecoin has adopted this number from the well-known Bitcoin to avoid confusion of users.

5.What port does bytecoind daemon run on?

  • 1776
  • 1701
  • 1984
  • 8081

It is 8081. You can find it if you look at what ports are occupied on your system when you run Bytecoin Desktop or daemons, or on Wiki on our GitHub page.

6.How many keys are actually in the Bytecoin desktop wallet?

  • 57
  • 4
  • 101
  • 2

There are 4 keys in the Bytecoin wallet: spend public, view public, spend secret, and view secret. The address is made up of the first two.

7.What is this: 62 79 74 65 63 6f 69 6e ?

  • Secret code for: 4, 8, 15, 16, 23 and 42
  • Bytecoin
  • Network
  • Privacy

These are HEX codes for “B Y T E C O I N” in the ASCII table - a universal standard that describes how computers describe letters to each other:

8.What is this: 13a537627c969dfda1bf6a2688694aa139f66d643073d49afc5cdd75d3c1e400

  • Hash of first transaction
  • Jenny’s wallet address
  • Coded coordinates for the location of the Bytecoin Team
  • Hash of the Genesis Block

It is the hash of the Genesis Block - the first ever block in the Bytecoin blockchain. One of the founding principles of blockchain is that each new block references the block before it - that’s why you can’t change what is written to the blockchain. So there has to be a block that the 2nd block can reference - the Genesis Block. Check it out

9.Why can some funds be unconfirmed?

  • Their TXs haven’t received enough confirmations yet
  • Your exchange has not approved them
  • Gremlins in the system
  • You haven't confirmed the transaction in the wallet

The confirmation value is the number of blocks that have been built above the block where your transaction resides. The greater the number, the more resources it would take someone to change it. This value naturally fluctuates, and everyone decides how many confirmations are enough for them.

10.How many hashes are in 1 MegaHash?

  • 1,000,000
  • 8,675,309
  • 1,024
  • 100,000,000

Mega stands for million. It is a prefix in the International System of Units:

11.Which features are going to be introduced in the next update?

  • A master node
  • The High Load Resistance Release
  • Dynamic fees
  • Time travel and Terminators on demand

That’s right, The High Load Resistance Release. Take a look at our Roadmap

12.How do Bytecoin developers prefer to call the upcoming “software update” on August 31st?

  • Algorithm Update
  • The make Bytecoin great again campaign
  • Hardfork
  • El Pollo Loco

Once again, our Roadmap is the key.

13.How long is a Bytecoin address?

  • 64 characters
  • 95 characters
  • 42.195 Kilometers
  • 34 characters

It is exactly 95 characters long. You can copy it into many available online tools that tell you string lengths.

14.How long is the block time in Bytecoin?

  • Long enough
  • Exactly 4 minutes
  • 2 minutes
  • About 5 minutes

It is 120 seconds = 2 minutes

15.What is a confirmation?

  • When a block has been accepted above your block
  • When they say they will marry you
  • When the blockchain has checked the transaction
  • When the funds have arrived at the receivers wallet

16.What is the 3-2-1 rule?

  • 3 copies, 2 types of storage, 1 remote copy
  • The exhaust system of your neighbors car
  • 3 keys, 2 wallets, 1 account
  • Countdown for each transaction

It is a very handy rule for keeping your data secure from malfunctions, accidental losses, and natural disasters. It says that your data is safe as long as you have:

  • 3 copies of it;
  • on 2 types of storage devices;
  • with one copy in remote location.

17.When was Bytecoin launched?

  • July 4th 2014
  • November 5th 2015
  • June 17th 2014
  • July 4th 2012

18.Who was the first social media moderator of Bytecoin?

  • DStrange
  • Mr Spock
  • Harry Ullman
  • Ullo

19.What is the maximum supply of Bytecoin?

  • 183,890,481,254
  • 21,000,000
  • Unlimited
  • 184,470,000,000

Yes, 184,470,000,000 coins

20.What kind of function helps you prove that a transaction is yours?

  • The Send proof
  • A Notary
  • Transaction Hash
  • F(x)

While a transaction hash allows you to prove that a transaction exists in the blockchain, it is the Send Proof that allows you to assure the receiving party that it is you, who sent it.

21.Which algorithm is Bytecoin based on?

  • CryptoNote
  • CryptoNight
  • SHA-256
  • Scrypt

This one is tricky. While CryptoNote is a protocol that Bytecoin is based on, CryptoNight is the proof-of-work algorithm that powers Bytecoin.

Yours truly,

The Bytecoin Team

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