120 Bitcoin - One Minute History

120 Bitcoin - One Minute History

Assessment

Interactive Video

History, Business

11th Grade - University

Hard

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The video introduces Bitcoin, a decentralized digital currency created under the pseudonym Satoshi Nakamoto. It explains Bitcoin's concept as a secure, open-source, peer-to-peer electronic payment system that operates on a decentralized blockchain network. Each transaction is verified and recorded on a ledger that exists on every computer in the network, making it tamper-proof. The video also highlights Bitcoin's potential to revolutionize the global financial system.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who authored the paper titled Bitcoin under a pseudo name?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is required to own Bitcoin?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of network does Bitcoin exist on?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What makes the Bitcoin Ledger virtually impossible to alter?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact has Bitcoin had on the global financial system?

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