Digital Currency Gr8

What is digital currency?

• Exists purely in a digital format.

  It has no physical format.

• Exists purely in a digital format.

  It has a physical format.

• It is conventional fiat currency (for example, $, £, €, and ¥)

• It is the US Dollar

Who is backing the FIAT Currency?

• Local People

• Government and Banks

• Nobody

• Its linked to Gold

What is the meaning of the latin word FIAT?

• Leave it alone

• Let it be

• Let it be done.

• Let it go

Is digital currency used for accepted form of payment for goods and services?

• No

• Maybe

• Not sure

• Yes

Give an example of who would accept digital currency?

• PAY PAL

• APPLE PAY

• Nobody

• Not Sure

What is your understanding of a central bank?

• Home Bank

• It is regulating authority for all banks in a country

• It is decentralise system

• This banking system is centralised

Digital Currency is also known as .....

• Dollar

• Rand

• Cryptocurrency,

• Pound

What is used to track Cryptocurrency Transactions ?

• Software

• Written in a book

• Accounting System

• cryptography

Traditional currency are regulated by

• School

• Not Sure

• Central Bank & Government

• Megan Nukus

What is blockchain?

• Blockchain is a centralised database. All the transactions of networked members are stored on this database.

• Blockchain is a decentralised database. All the transactions of networked members are stored on this database.

• Blockchain is a decentralised application. All the transactions of networked members are stored on this database.

• Blockchain is a decentralised database. All the transactions of networked members are not stored on this database.