IT ENGLISH: Research Project Topics - Crypto & Digital Currency

What is the main difference between cryptocurrency and digital currency?

• Cryptocurrency relies on blockchain technology, while digital currency does not.

• Cryptocurrency is controlled by a central authority, while digital currency is decentralized.

• Cryptocurrency is a subset of digital currency, while digital currency encompasses a broader range of electronic money.

• Cryptocurrency is used for online payments, while digital currency is used for cross-border remittances.

Which of the following is an example of a cryptocurrency?

• PayPal

• Apple Pay

• Bitcoin

• China's Digital Currency Electronic Payment (DCEP)

What is the purpose of cryptocurrencies?

• To facilitate cross-border payments for financial institutions.

• To serve as a store of value.

• To support traditional fiat currencies.

• To regulate digital wallets.

Which technology is used for the security and transparency of cryptocurrencies?

• Traditional banking systems

• Distributed ledger technology

• Centralized control

• Decentralized blockchain technology

What is the main characteristic of stablecoins?

• They are decentralized and controlled by a central authority.

• They have a fluctuating value like other cryptocurrencies.

• They are pegged to a reserve of assets to maintain a stable value.

• They are primarily used for peer-to-peer transactions.

Which digital currency is designed for fast and low-cost international money transfers?

• Ripple (XRP)

• Ethereum (ETH)

• Tether (USDT)

• USD Coin (USDC)

What is the role of central banks in issuing and regulating digital currencies?

• Central banks have no involvement in digital currencies.

• Central banks issue and regulate all digital currencies.

• Central banks only regulate decentralized cryptocurrencies.

• Central banks explore or develop their own digital currencies.

Which digital currency is often referred to as 'digital gold'?

• Bitcoin (BTC)

• Ethereum (ETH)

• Ripple (XRP)

• Tether (USDT)

What is the main purpose of digital wallets?

• To store and manage traditional fiat currencies.

• To facilitate cross-border remittances.

• To support decentralized blockchain technology.

• To store and manage digital currencies.

Which country is developing its own digital currency called e-krona?

• China

• Sweden

• United States

• Japan