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Questions and Answers
What is the largest cryptocurrency?
What is the largest cryptocurrency?
- Ethereum
- Bitcoin (correct)
- Litecoin
- Ripple
What is used to secure cryptocurrency transactions?
What is used to secure cryptocurrency transactions?
- Smart contracts
- A central authority
- Cryptography (correct)
- Digital ledgers
What type of currency is cryptocurrency?
What type of currency is cryptocurrency?
- Physical
- Digital
- Virtual (correct)
- Paper
What is the purpose of a digital ledger?
What is the purpose of a digital ledger?
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What is the main difference between cryptocurrency and traditional currency?
What is the main difference between cryptocurrency and traditional currency?
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What is the second-largest cryptocurrency?
What is the second-largest cryptocurrency?
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What is used to create smart contracts?
What is used to create smart contracts?
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How is cryptocurrency secured?
How is cryptocurrency secured?
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What is the purpose of cryptography?
What is the purpose of cryptography?
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What type of currency is not considered cryptocurrency?
What type of currency is not considered cryptocurrency?
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Study Notes
- Cryptocurrencies are digital or virtual currencies that use cryptography to secure transactions.
- Bitcoin is the largest cryptocurrency and is considered “digital gold.”
- Ethereum is the 2nd-largest cryptocurrency and is popular for its use in developing smart contracts.
- Cryptocurrencies are decentralized, meaning they are not reliant on a central authority to maintain them.
- Individual coin ownership records are stored in a digital ledger, a computerized database using strong cryptography.
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Description
Test your knowledge of cryptocurrencies with this quiz. Explore the concepts of digital currencies, decentralized systems, and blockchain technology.
