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What is Bitcoin?
What is Bitcoin?
- Any cryptocurrency other than Bitcoin
- A decentralized platform for building smart contracts
- A ledger that records transactions across multiple computers
- A digital or virtual currency secured by cryptography (correct)
What is a Private Key?
What is a Private Key?
- A consensus mechanism for validating transactions
- A key used to sign transactions and known only to the owner (correct)
- A technique used to validate digital messages
- A cryptographic key shared publicly for encryption
What is Ethereum known for?
What is Ethereum known for?
- A consensus mechanism for validating transactions
- Enabling smart contracts and DApps without interference (correct)
- Providing digital wallets for storing cryptocurrencies
- Creating the first cryptocurrency, Bitcoin
What does Mining involve in the context of blockchain?
What does Mining involve in the context of blockchain?
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What is Proof of Work (PoW)?
What is Proof of Work (PoW)?
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What is Proof of Stake (PoS)?
What is Proof of Stake (PoS)?
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What is the purpose of an ICO (Initial Coin Offering)?
What is the purpose of an ICO (Initial Coin Offering)?
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What does the term 'HODL' refer to in the cryptocurrency community?
What does the term 'HODL' refer to in the cryptocurrency community?
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What is Market Capitalization of a cryptocurrency?
What is Market Capitalization of a cryptocurrency?
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What is FUD in the context of cryptocurrencies?
What is FUD in the context of cryptocurrencies?
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