What is Bitcoin?

What is Bitcoin?

• A digital currency

• A physical coin

• A payment system

• All of the above

What is cryptocurrency?

• Physical money

• Digital money

• Government-issued money

• Bank-issued money

How is cryptocurrency different from traditional money?

• It is physical

• It is government-issued

• It is bank-issued

• It is decentralized

Who invented Bitcoin?

• Satoshi Nakamoto

• Bill Gates

• Mark Zuckerberg

• Jeff Bezos

What is the purpose of a blockchain?

• To record Bitcoin transactions

• To solve math puzzles

• To mine for gold

• To manage government-issued money

How do miners get paid?

• With physical money

• With government-issued money

• With bank-issued money

• With Bitcoin

Why do miners have an incentive to keep auditing Bitcoin transactions?

• To earn interest

• To prevent fraud

• To increase the value of Bitcoin

• To support the government

What is the identity of Bitcoin's inventor?

• Known to the public

• Anonymous

• Bill Gates

• Mark Zuckerberg

What is the role of miners in the Bitcoin system?

• To issue new Bitcoins

• To manage the blockchain

• To regulate government-issued money

• To control Bitcoin transactions

Why are Bitcoin transactions anonymous?

• To protect user privacy

• To prevent fraud

• To evade taxes

• To hide illegal activities