10 Questions
What initiates a transaction in Bitcoin?
Digital signatures
Who verifies the transactions in Bitcoin?
Miners
How many blocks does Chamath wait before accepting a transaction in Bitcoin?
Six
How is new currency created in Bitcoin?
By rewarding miners
Where are all transactions recorded in Bitcoin?
Blockchain
What is the size of the blockchain for Bitcoin?
More than 140 gigabyte
What kind of addresses does Bitcoin use?
Cryptographic addresses
What is the recommended waiting time before accepting a transaction in Bitcoin?
Wait 6 blocks (~1 hour)
Who can sign a Bitcoin transaction?
Only you
Who can verify a Bitcoin transaction?
Everyone
Explore the key features and functions of the Bitcoin protocol, proposed in 2008 by Nakamoto. Learn about how it ensures secure transactions, protection against double-spending, pseudo-anonymity, along with the ability for anyone to be a 'merchant' or a 'customer'.
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