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Questions and Answers
What is the main feature that makes cryptocurrency nearly impossible to counterfeit or double spend?
What is the main feature that makes cryptocurrency nearly impossible to counterfeit or double spend?
- Digital tokens
- Transaction speed
- Decentralized structure
- Security (correct)
What is the main advantage of cryptocurrency in terms of transaction speed compared to credit card systems?
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 (correct)
- Transactions are usually less expensive
- Transactions take place on the publicly distributed network
- Transactions take a few days to batch out and process
What is the main factor that enables anyone to use cryptocurrency?
What is the main factor that enables anyone to use cryptocurrency?
- Accepting different forms of cryptocurrency as a payment method
- Digital tokens
- Price volatility
- Accessibility through a computer or smartphone (correct)
What is the main disadvantage mentioned in the text regarding cryptocurrencies?
What is the main disadvantage mentioned in the text regarding cryptocurrencies?
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What feature of cryptocurrency allows it to exist outside the control of governments and central authorities?
What feature of cryptocurrency allows it to exist outside the control of governments and central authorities?
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