Cryptocurrency Basics

Front

What is a blockchain?

Back

A distributed ledger on a peer to peer network

Front

Cryptocurrency and the U.S. dollar are both forms of money that can be used to transfer value and buy or selling things. Yet, unlike the U.S. dollar:

Back

Cryptocurrency value is not enforced by the government

Front

Cryptocurrency is...

Back

a digital currency

Front

Where do you store your cryptocurrency? Options: Bank account, Floppy Disk, Digital Wallet, In your pocket

Back

Digital Wallet

Front

What is a miner?

Back

Computers that validate and process blockchain transactions.

Front

All blocks contain a link to the previous block, except for

Back

the first block

Front

In the future, Blockchain applications will include

Back

cryptocurrency transactions, transactions between governments, companies and consumers, voting, healthcare and many other applications

Front

What does P2P stand for?

Back

Peer to Peer

Front

What is the maximum amount of bitcoins that will ever be created?

Back

21 million

Front

What makes cryptocurrency secure? Options: Servers, Cryptographic Math, Government Banks, Insurance Companies

Back

Cryptographic Math