Bitcoin From Scratch | Blockchain Central

Bitcoin From Scratch | Blockchain Central

Assessment

Interactive Video

Business

University

Hard

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This video provides an overview of Bitcoin, the first cryptocurrency, and its underlying blockchain technology. It explains the decentralized nature of Bitcoin, the role of nodes and miners, and the proof-of-work mechanism. The video also discusses Bitcoin's anonymity, security features, and its impact on the financial world. Additionally, it covers the regulation of Bitcoin supply, the concept of blockchain forks, and Bitcoin's potential to disrupt various industries.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the process of how a Bitcoin transaction is verified and added to the blockchain.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is a blockchain fork, and how did it relate to Bitcoin Cash?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the potential future impact of Bitcoin and blockchain technology on various industries.

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