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Questions and Answers
What was one of the main objectives of building a technological framework for Bitcoin and blockchain?
What was one of the main objectives of building a technological framework for Bitcoin and blockchain?
- To create a system that would use technology instead of laws and regulations
- To eliminate the need for intermediaries and traditional financial regulation
- To build trust in markets and systems
- To address the issues of the existing financial system (correct)
What is the time frame mentioned in the text for the development of blockchain and distributed ledger technology?
What is the time frame mentioned in the text for the development of blockchain and distributed ledger technology?
- 20 years
- 15 years (correct)
- 10 years
- 5 years
What is essential to the functioning of markets and systems?
What is essential to the functioning of markets and systems?
- Technology (correct)
- State processes
- Intermediaries
- Traditional financial regulation
What is the term used in the text to describe the growth of the crypto and digital asset industry?
What is the term used in the text to describe the growth of the crypto and digital asset industry?
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What is the main idea behind the advent of Bitcoin in 2008, as mentioned in the text?
What is the main idea behind the advent of Bitcoin in 2008, as mentioned in the text?
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