5 Questions
Which of the following statements about Bitcoin is true?
Bitcoin uses a blockchain to record transactions
What is the purpose of the blockchain in the Bitcoin system?
To record and validate Bitcoin transactions
Why is it impossible to steal or spend the same Bitcoin currency twice?
Because the blockchain prevents duplicate transactions
What does it mean for the Bitcoin system to be decentralized?
Bitcoin transactions are transparent and corruption-free
What options do Bitcoin users have when making transactions?
Checks, wiring, or cash
Discover the Advantages of Bitcoin: Take our Quiz to Learn About the Transparency and Control Offered by Decentralized Financial Exchanges
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