Bitcoin
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Questions and Answers

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?

  • 20 years
  • 15 years (correct)
  • 10 years
  • 5 years

    • 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?

    <p>Crypto ecosystem</p> Signup and view all the answers

    What is the main idea behind the advent of Bitcoin in 2008, as mentioned in the text?

    <p>To address the issues of the existing financial system</p> Signup and view all the answers

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