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Questions and Answers
What is the primary purpose of Bitcoin?
What is the primary purpose of Bitcoin?
- To purchase merchandise and services
- To act as a currency (correct)
- To mine for coins
- To provide encryption
What is the main difference between coins and tokens?
What is the main difference between coins and tokens?
- Coins are not backed by any asset
- Tokens are based on a blockchain
- Coins are backed by a blockchain (correct)
- Tokens are not backed by any asset
What is the most common method of earning coins?
What is the most common method of earning coins?
- Mining on the Proof of Work system (correct)
- Selling goods and services
- Investing in stocks
- Trading on the stock market
What is the main goal of the Proof of Stake system?
What is the main goal of the Proof of Stake system?
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Which of the following companies accept Bitcoin as payment?
Which of the following companies accept Bitcoin as payment?
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What makes the Bitcoin blockchain unique?
What makes the Bitcoin blockchain unique?
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What is the official currency of El Salvador?
What is the official currency of El Salvador?
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What is the main advantage of the Proof of Work system?
What is the main advantage of the Proof of Work system?
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What is the primary benefit of using crypto coins?
What is the primary benefit of using crypto coins?
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What is the main difference between Bitcoin and Ethereum?
What is the main difference between Bitcoin and Ethereum?
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