Cryptocurrency

What is cryptocurrency primarily used for?

• Paying for goods and services or as speculative investments

• A new form of physical currency

• A replacement for traditional banking systems

• A digital platform for social media

Which technology powers cryptocurrencies?

• Artificial Intelligence

• Blockchain

• Cloud Computing

• Quantum Computing

What is the most widely used cryptocurrency?

• Bitcoin

• Ethereum

• Ripple

• Litecoin

What is a major risk associated with cryptocurrencies?

• High transaction fees

• Stable prices

• Extreme volatility

• Government support

What is the environmental concern related to some cryptocurrencies?

• Plastic use

• Water usage

• Deforestation

• High energy consumption

How can cryptocurrencies be acquired by an individual?

• Mining or buying

• Printing

• Government distribution

• Winning in a lottery

What is a common way cryptocurrencies maintain security and integrity?

• Two-factor authentication

• Biometric verification

• Blockchain

• Password protection

What is a potential benefit of cryptocurrencies?

• Fixed supply

• Inflation protection

• Central bank regulation

• Guaranteed returns

What is a 'blockchain'?

• A digital ledger of transactions

• A security feature for wallets

• A physical chain used in banking

• A type of cryptocurrency

What does 'mining' refer to in the context of cryptocurrency?

• Digging for physical coins

• Creating new digital artwork

• Solving complex puzzles to verify transactions

• Researching the best cryptocurrency to invest in