Cryptocurrency

Which of the following is hashing?

• One way to secure the data

• Changes to an unreadable text in order to verify the content of the message, not to hide it.​

• is the practice of encoding information, so only certain people can read it.​

• The process of generating a Crypto transaction

Which fact is true about Bitcoin?

• Satoshi developed this form of cryptocurrency.

• If you have a computer, you can make bitcoin with computer software.

• Bitcoin is the only cryptocurrency.

• Bitcoin is a corporation.

Bitcoin is:

• A type of digital money

• A blockchain network of computers

• A platform for building financial services

• All of the above

When was Bitcoin invented?

• 2009

• 2018

• 2003

• 1987

• 2011

What is a blockchain?

• A distributed ledger on a peer to peer network

• A type of cryptocurrency

• An exchange

• A centralized ledger

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:

• Cryptocurrency value is not enforced by the government

• Cryptocurrency can only be bought and sold outside the U.S.

• Cryptocurrency value can never decrease

• Cryptocurrency can only exist with a verified bank account

Cryptocurrency is...

• a physical type of currency sold in bits

• a digital currency

• accepted by all stores

• only available in the U.S. and Canada

Where do you store your cryptocurrency?

• Bank account

• Floppy Disk

• Digital Wallet

• In your pocket

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

• the first block

• block number 24601

• the second block

• the third block

What does P2P stand for?

• Peer to Peer

• Product to Product

• Password to Password

• Penguin to Penguin