Bitcoin

Front

What makes Bitcoin different from traditional currencies?

Back

It operates independently of traditional financial systems.

Front

What is required to start accepting Bitcoin payments?

Back

A software wallet

Front

What do you need to make a new Bitcoin transaction?

Back

A new Bitcoin address

Front

How is the security of a Bitcoin transaction verified?

Back

Using digital signatures

Front

How does the Bitcoin network prevent double-spending?

Back

With the blockchain

Front

What is the purpose of mining in the Bitcoin network?

Back

Both creating new bitcoins and verifying transactions

Front

What incentivizes miners to process Bitcoin transactions?

Back

Both transaction fees and new bitcoins

Front

What limits the total number of bitcoins that can be in circulation?

Back

A fixed cap set by the Bitcoin protocol

Front

What happens to the number of new bitcoins created over time?

Back

It decreases gradually

Front

Why is Bitcoin considered volatile?

Back

Its value changes based on the market.