Digital and Cryptocurrency

Which of the following is a decentralized digital currency?

• PayPal

• PromptPay

• Visa

• Bitcoin

What technology underlies most cryptocurrencies?

• Cloud Computing

• Artificial Intelligence

• Blockchain

• Data Mining

Considered as the "mother of all coins"

• Cardano

• Ethereum

• Ripple

• Bitcoin

Which of the following best describes an altcoin or alternative coin?

• Any cryptocurrency other than Bitcoin

• Any digital token used for gaming

• Coins issued only by banks

• 
  A stablecoin pegged to gold

The term they use for "transaction fee" in crypto.

• Gas Fee

• Transfer Fee

• Payment Fee

• Rental Fee

Cryptocurrencies are always backed by physical assets like gold.

• True

• False

Blockchain ensures transparency and immutability of transactions.

• True

• False

A digital wallet is required to store and use cryptocurrencies.

• True

• False

Bitcoin transactions can be reversed once confirmed.

• True

• False

Private keys should be shared with trusted friends for safety.

• True

• False