Podcast
Questions and Answers
What is the technology that cryptocurrencies use?
What is the technology that cryptocurrencies use?
- Artificial Intelligence
- Blockchain (correct)
- Internet of Things
- Quantum Computing
What is the process of verifying and adding transactions to a blockchain known as?
What is the process of verifying and adding transactions to a blockchain known as?
- Encryption
- Hashing
- Mining (correct)
- Verification
What are the two keys needed to transact with a cryptocurrency?
What are the two keys needed to transact with a cryptocurrency?
- Public key and private address
- Public key and private key (correct)
- Public address and private key
- Public address and private address
What is the value of cryptocurrencies based on?
What is the value of cryptocurrencies based on?
What is a digital ledger that stores a history of every cryptocurrency transaction?
What is a digital ledger that stores a history of every cryptocurrency transaction?
What is the process of verifying cryptocurrency transactions?
What is the process of verifying cryptocurrency transactions?
What is the process of adding transactions to a blockchain?
What is the process of adding transactions to a blockchain?
What type of keys are needed to transact with a cryptocurrency?
What type of keys are needed to transact with a cryptocurrency?
What is the finite supply of many cryptocurrencies based on?
What is the finite supply of many cryptocurrencies based on?
What is the technology used to store a history of every cryptocurrency transaction?
What is the technology used to store a history of every cryptocurrency transaction?
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Study Notes
- Cryptocurrencies are digital assets that use the blockchain technology.
- A blockchain is a digital ledger that stores a history of every cryptocurrency transaction.
- Mining is the process of verifying and adding transactions to a blockchain.
- To transact with a cryptocurrency, you need to have a set of public and private keys.
- Many cryptocurrencies do not have a finite supply, and their value is based on demand and supply.
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