5 Questions
Which of the following is a reason why Bitcoin was created?
To eliminate corruption in big banks
What is the main advantage of Bitcoin's decentralized system?
Transparency in transactions
What is the function of the blockchain in the Bitcoin system?
To store all confirmed transactions
How are Bitcoin transactions validated in the peer-to-peer computer network?
Through peer-to-peer validation
Which of the following payment methods can be used with Bitcoin?
Checks, wiring, and cash
Test your knowledge about Bitcoin and its decentralized nature with this quiz! Discover how Bitcoin eliminates the need for middlemen in financial transactions and why its transparency sets it apart from traditional banking systems.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
