What's the Difference Between Bitcoin and Blockchain?

What's the Difference Between Bitcoin and Blockchain?

Assessment

Interactive Video

Business

University

Hard

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The video explores blockchain technology, its role in Bitcoin, and its potential to transform the financial system. It discusses blockchain's adoption by banks and stock exchanges, while highlighting Bitcoin's controversies, including its association with illegal activities. The origins of Bitcoin and blockchain are explained, emphasizing the innovation of preventing double-spending. The video concludes with potential applications of blockchain in various sectors, despite the ongoing need to prove its effectiveness.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does Bitcoin face as a currency according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the blockchain technology prevent double spending of currency?

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