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Cryptocurrency FE 7

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  • What is an example of a cryptocurrency?
    Euro
    Bitcoin
    Dollar
  • How are cryptocurrency transactions validated?
    By a network of computers
    By people at a bank
    By government officials
  • What happens when a miner solves an equation?
    The transaction is registered
    The transaction is lost
    The transaction is printed
  • What do miners receive for their work?
    Cryptocurrencies
    Nothing
    Dollars
  • Where are cryptocurrency transactions recorded?
    A paper book
    A blockchain
    A government office
  • Why is blockchain like a ledger?
    It prints money
    It destroys banks
    It records transactions
  • What does "decentralized" mean?
    Controlled by a government
    Not controlled by one place
    Controlled by one person
  • Who can see the blockchain?
    Only miners
    Everyone
    Only banks
  • What do miners do?
    Print money
    Solve equations
    Work at a bank
  • What is a blockchain?
    A type of bank
    A physical coin
    A public ledger
  • What is an example of a physical currency?
    Bitcoin
    Blockchain
    Dollar
  • Does cryptocurrency have a physical format?
    Yes
    No
  • Who regulates cryptocurrencies?
    Governments
    Banks
    No one
  • What is the role of cryptography?
    To make transactions secure
    To create banks
    To make money faster
  • What is a cryptocurrency?
    A paper money
    A digital currency
    A type of bank
  • Why do miners solve equations?
    To validate transactions
    To close banks
    To create money
  • What does a cryptocurrency transaction create?
    A new block
    A new bank
    A new paper
  • Where does cryptocurrency circulate?
    In banks
    In paper wallets
    In digital operations
  • What does a blockchain store?
    Paper money
    Transactions
    Gold
  • Where is blockchain information stored?
    In a safe
    On the Internet
    In a bank
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