10 Questions
What is the largest cryptocurrency?
Bitcoin
What is used to secure cryptocurrency transactions?
Cryptography
What type of currency is cryptocurrency?
Virtual
What is the purpose of a digital ledger?
To store individual coin ownership records
What is the main difference between cryptocurrency and traditional currency?
Cryptocurrency is decentralized
What is the second-largest cryptocurrency?
Ethereum
What is used to create smart contracts?
Ethereum
How is cryptocurrency secured?
By cryptography
What is the purpose of cryptography?
To secure cryptocurrency transactions
What type of currency is not considered cryptocurrency?
Physical
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.
Test your knowledge of cryptocurrencies with this quiz. Explore the concepts of digital currencies, decentralized systems, and blockchain technology.
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