The Ultimate Blockchain Quiz
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Questions and Answers

What is blockchain?

  • A technology that permits transactions to be recorded permanently. (correct)
  • A technology that allows for anonymous transactions.
  • A technology that remove intermediaries and create trust through the algorithm.
  • A technology that cryptographically secure the system and chains data in chronological order.

    • Who introduced blockchain in the white paper for Bitcoin?

  • Hal Finney
  • Vitalik Buterin
  • Satoshi Nakamoto (correct)
  • Charlie Lee

    • What are some problems with the current banking system mentioned in the text?

  • Account Hacking
  • Internet Frauds
  • High Transaction Costs
  • All of the above (correct)

    • What is the purpose of blockchain technology?

    <p>To remove intermediaries and create trust through the algorithm</p> Signup and view all the answers

    How is blockchain technology described in the text?

    <p>A technology that cryptographically secure the system and chains data in chronological order</p> Signup and view all the answers

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