Podcast Beta
Questions and Answers
What is a key advantage of trading in digital currency according to the text?
How are transactions in digital currency recorded?
What sets cryptocurrencies apart from traditional payments like cash and credit cards according to the text?
Why are transaction fees for trading in cryptocurrency appealing compared to traditional financial institutions?
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Which feature of digital currency makes it harder to be stolen compared to physical cash?
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What characteristic of cryptocurrency provides users with direct control over their funds?
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Why does the text mention that you cannot be 'ripped off' in a cryptocurrency transaction?
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What role does geographical boundaries play in the acceptance and use of cryptocurrency?
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'You Control Your Money' is highlighted in the text to emphasize what aspect of cryptocurrency?
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What do big crypto-exchanges use to record transactions?
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What are alternative hashing algorithms compared to in the text?
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Which of the following is NOT listed as an alternative hashing algorithm?
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What is a potential advantage of alternative consensus models like proof-of-stake over proof-of-work?
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What type of wallets focus only on the most recent or unspent outputs, similar to credit card transactions?
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What is the term used in the text to describe the ability of blockchains to communicate with other blockchains?
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What are sidechains described as in the text?
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What is the purpose of posting bond on blockchains like Tendermint, according to the text?
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Which of the following is NOT mentioned in the text as a type of dark pool?
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What is the purpose of dark pools, as described in the text?
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