10 Questions
What is the technology that cryptocurrencies use?
Blockchain
What is the process of verifying and adding transactions to a blockchain known as?
Mining
What are the two keys needed to transact with a cryptocurrency?
Public key and private key
What is the value of cryptocurrencies based on?
Demand and supply
What is a digital ledger that stores a history of every cryptocurrency transaction?
Blockchain
What is the process of verifying cryptocurrency transactions?
Mining
What is the process of adding transactions to a blockchain?
Mining
What type of keys are needed to transact with a cryptocurrency?
Public and private keys
What is the finite supply of many cryptocurrencies based on?
Demand and supply
What is the technology used to store a history of every cryptocurrency transaction?
Blockchain
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.
Test your knowledge about cryptocurrencies, blockchain technology, mining, and transaction security with this quiz.
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