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Bitcoin Blockchain Public and Private Key Demo Quiz
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Bitcoin Blockchain Public and Private Key Demo Quiz

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Questions and Answers

What is the purpose of a private key in Bitcoin blockchain technology?

  • To encrypt messages sent over the network
  • To verify the identity of the sender in a transaction
  • To decrypt messages received from the network
  • To generate a digital signature for transactions (correct)
  • In the context of Bitcoin, what is the function of a public key?

  • To encrypt sensitive information before sharing it
  • To create a secure connection between users
  • To secure the Bitcoin network against hacking attempts
  • To broadcast to the network for receiving funds (correct)
  • Why are public and private keys crucial components of Bitcoin transactions?

  • To ensure anonymity for all users on the blockchain
  • To increase the speed of mining new Bitcoins
  • To regulate the total supply of Bitcoins in circulation
  • To prevent any party from altering transaction details (correct)
  • What is the main purpose of using public and private keys in Bitcoin transactions?

    <p>To verify the identity of the sender and receiver</p> Signup and view all the answers

    Which key is kept private by the user to ensure the security of their Bitcoin transactions?

    <p>Private key</p> Signup and view all the answers

    In Bitcoin blockchain technology, what role does a public key play?

    <p>Serves as an address where others can send Bitcoins</p> Signup and view all the answers

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