Childers_Bitcoin Videos #1/#2-What is it? Overview
Flashcard
•
Social Studies
•
12th Grade
•
Hard
Wayground Content
FREE Resource
Student preview
9 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is Bitcoin primarily described as in the video?
Back
An electronic payment system
2.
FLASHCARD QUESTION
Front
What is one reason people might choose to use bitcoins according to the video?
Back
They allow transactions without revealing real-world identities
3.
FLASHCARD QUESTION
Front
What is a key characteristic of Bitcoin mentioned in the video?
Back
It is decentralized and not controlled by a single entity
4.
FLASHCARD QUESTION
Front
What makes Bitcoin accessible to many people around the world?
Back
Anyone with an internet connection can use it.
5.
FLASHCARD QUESTION
Front
What can people do with bitcoins besides buying goods and services?
Back
They can exchange bitcoins for traditional currencies.
6.
FLASHCARD QUESTION
Front
What is Bitcoin primarily described as in the video?
Back
An electronic payment system
7.
FLASHCARD QUESTION
Front
What is one reason people might choose to use bitcoins according to the video?
Back
They allow transactions without revealing real-world identities
8.
FLASHCARD QUESTION
Front
What is a key characteristic of Bitcoin mentioned in the video?
Back
It is decentralized and not controlled by a single entity
9.
FLASHCARD QUESTION
Front
What makes Bitcoin accessible to many people around the world?
Back
Anyone with an internet connection can use it.
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