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Questions and Answers
What is Bitcoin?
What is Bitcoin?
- A commodity
- A centralized digital currency
- A decentralized digital currency (correct)
- A physical currency
Who created Bitcoin?
Who created Bitcoin?
- Mark Zuckerberg
- Satoshi Nakamoto (correct)
- Bill Gates
- Jeff Bezos
What is the blockchain?
What is the blockchain?
- A transparent and immutable ledger that records all Bitcoin transactions (correct)
- A type of computer virus
- A centralized database controlled by central banks
- A physical location where Bitcoin is stored
Why is Bitcoin viewed as digital gold?
Why is Bitcoin viewed as digital gold?
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What has contributed to Bitcoin's volatility stabilization?
What has contributed to Bitcoin's volatility stabilization?
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