Understanding Cryptocurrency Types

What is cryptocurrency?

• Cryptocurrency is a physical coin used for transactions.

• Cryptocurrency is a type of stock traded on the stock market.

• Cryptocurrency is a government-issued currency that is regulated by banks.

• Cryptocurrency is a digital currency that uses cryptography and operates on a decentralized network.

Can you name a type of cryptocurrency?

• Ethereum Classic

• Ripple

• Litecoin

• Bitcoin

What is Bitcoin?

• Bitcoin is a decentralized digital currency.

• Bitcoin is a type of stock investment.

• Bitcoin is a government-issued currency.

• Bitcoin is a physical currency.

What is Ethereum?

• Ethereum is a centralized banking system.

• Ethereum is a type of cryptocurrency.

• Ethereum is a social media platform.

• Ethereum is a decentralized blockchain platform for smart contracts and dApps.

Why do people use cryptocurrencies?

• People use cryptocurrencies for decentralization, investment, privacy, lower fees, and ease of transactions.

• To avoid paying taxes

• To support government regulations

• To purchase traditional stocks

How much parts has cryptocoin?

• 2

• 3

• 6

• 4