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?

    <p>Blocks</p> Signup and view all the answers

    What is the role of cryptographic techniques in cryptocurrency networks?

    <p>To secure transactions</p> Signup and view all the answers

    Which of the following best describes a Bitcoin wallet?

    <p>A digital application that allows you to manage Bitcoin holdings</p> Signup and view all the answers

    What is the main function of a Bitcoin wallet?

    <p>To store and secure your Bitcoin holdings</p> Signup and view all the answers

    What are private keys used for in a Bitcoin wallet?

    <p>To sign transactions and prove ownership of Bitcoin</p> Signup and view all the answers

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

    <p>By specifying their Bitcoin address</p> Signup and view all the answers

    What can you do with a Bitcoin wallet?

    <p>All of the above</p> Signup and view all the answers

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