Bitcoin
5 Questions
0 Views

Bitcoin

Created by
@LuminousInfinity

Podcast Beta

Play an AI-generated podcast conversation about this lesson

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

    More Like This

    Bitcoin Mining on Transactions
    30 questions
    Bitcoin Security and Validation
    40 questions
    Introduction to Bitcoin and Blockchain
    38 questions
    Use Quizgecko on...
    Browser
    Browser