What to Expect From the Tech Behind Bitcoin in 2020

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Business
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant protocol update in Bitcoin before 2020?
Taproot
SegWit
Schnorr Signatures
Lightning Network
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do second layer infrastructures benefit the Bitcoin blockchain?
They eliminate transaction fees.
They reduce the need for mining.
They enhance transaction speed and scalability.
They increase the block size.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does Blockstream play in the Bitcoin ecosystem?
It provides Bitcoin mining services.
It sets Bitcoin's market price.
It regulates Bitcoin transactions.
It is a major contributor to Bitcoin's codebase.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key focus for businesses in the Bitcoin ecosystem according to the transcript?
Developing new cryptocurrencies.
Addressing user needs in custody and security.
Increasing Bitcoin's market price.
Creating new mining hardware.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact of the Bitcoin halving event?
It will double the Bitcoin supply.
It will halve the pace of new Bitcoin being mined.
It will eliminate Bitcoin transaction fees.
It will stabilize Bitcoin's price.
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