Podcast
Questions and Answers
What is the largest cryptocurrency?
What is used to secure cryptocurrency transactions?
What type of database is used to store individual coin ownership records?
Study Notes
- Cryptocurrencies are digital or virtual currencies that use cryptography to secure transactions.
- Bitcoin is the largest cryptocurrency and is considered “digital gold.”
- Ethereum is the 2nd-largest cryptocurrency and is popular for its use in developing smart contracts.
- Cryptocurrencies are decentralized, meaning they are not reliant on a central authority to maintain them.
- Individual coin ownership records are stored in a digital ledger, a computerized database using strong cryptography.
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Description
Test your knowledge of cryptocurrencies with this quiz covering fundamental concepts such as Bitcoin, Ethereum, decentralized nature, and digital ledger technology.
