Cryptocurrency Basics

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5 Questions

What is the main feature that makes cryptocurrency nearly impossible to counterfeit or double spend?

Security

What is the main advantage of cryptocurrency in terms of transaction speed compared to credit card systems?

Transactions can be completed in a matter of minutes

What is the main factor that enables anyone to use cryptocurrency?

Accessibility through a computer or smartphone

What is the main disadvantage mentioned in the text regarding cryptocurrencies?

Price volatility

What feature of cryptocurrency allows it to exist outside the control of governments and central authorities?

Decentralized structure

Test your knowledge of cryptocurrencies with this quiz covering the fundamentals of digital or virtual currency, encrypted security, digital tokens, and decentralized networks.

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