Cryptocurrency and Blockchain Review

A digital fingerprint that is unique to a block is called a

• block ID

• hash

• digital lock

• block address

The people who create Bitcoins by solving complex math problems with their computers are called

• diggers

• coders

• miners

• blockheads

This slows the creation on new blocks in a blockchain and helps ensure its integrity.

• encryption

• digital fingerprints

• validation

• proof of work

All Bitcoin transactions are public, traceable and permanently stored in the network.  This is called

• transparency

• openness

• liquidity

• clear view

The name for Bitcoin’s ledger is

• Lego link

• blockchain

• journal

• crypto wallet

Who can send Bitcoin’s to another person?

• Only people with bank accounts

• People with checking accounts

• Anybody who got an A in cyberecurity

• Anybody

People use this to access their digital cryptocurrency assets.

• Bitcoin

• private key

• fingerprint

• password

Like US currency, cryptocurrency is this type of money

• gold standard

• paper

• fiat

• token

Bitcoin does not use one ledger; instead it uses this type of digital ledger to help ensure its integrity

• decentralized

• collaborative

• reversible

• governmental

Which of the following are cons of cryptocurrency?  Select all that apply.

• volatility

• no government regulation

• good for the environment

• irreversibility

• lack of scalability