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