What Was The Purpose of Bitcoin Cash? | Blockchain Central

What Was The Purpose of Bitcoin Cash? | Blockchain Central

Assessment

Interactive Video

Business

University

Hard

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The video explores the differences between Bitcoin and Bitcoin Cash, focusing on Bitcoin's scalability issues and the ideological divide within the community. It explains the creation of Bitcoin Cash through a hard fork and its aim to provide a faster, low-fee transaction network. The video also discusses the criticisms of Bitcoin Cash, including concerns about centralization and its potential as a money-making scheme.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the scalability issues faced by Bitcoin.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the role of the Bitcoin core developer team in the Bitcoin ecosystem.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the Lightning Network in relation to Bitcoin?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reason for the hard fork that created Bitcoin Cash?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Bitcoin Cash aim to fulfill the original promise of Bitcoin?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential advantages and critiques of Bitcoin Cash?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main differences between Bitcoin and Bitcoin Cash?

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