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Discover the World of Cryptocurrencies

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Questions and Answers

Which term refers to the decentralized digital system that enables the creation, transfer, and verification of digital assets?

Blockchain technology
Bitcoin
Distributed ledger
Cryptocurrency network (correct)

What is the purpose of blockchain technology in cryptocurrency networks?

To ensure the integrity of the transaction history (correct)
To secure transactions
To control the creation of new units
To record all transactions

Which cryptocurrency is the most famous?

Litecoin
Ethereum
Bitcoin (correct)
Ripple

What is a blockchain composed of?

Blocks (A) Signup and view all the answers

What is the role of cryptographic techniques in cryptocurrency networks?

To secure transactions (A) Signup and view all the answers

Which of the following best describes a Bitcoin wallet?

A digital application that allows you to manage Bitcoin holdings (D) Signup and view all the answers

What is the main function of a Bitcoin wallet?

To store and secure your Bitcoin holdings (C) Signup and view all the answers

What are private keys used for in a Bitcoin wallet?

To sign transactions and prove ownership of Bitcoin (D) Signup and view all the answers

How can you send Bitcoin to others using a Bitcoin wallet?

By specifying their Bitcoin address (C) Signup and view all the answers

What can you do with a Bitcoin wallet?

All of the above (D) Signup and view all the answers