What is a digital asset? - Correct Answer digital item that you can own but will never exist outside of the internet
What is the purpose of blockchain technology? - Correct Answer Record, store and track digital information and transactions.
What is one characteristic of blockchain techno...
Intro to Blockchain and Cryptocurrency || ANSWRED
What is a digital asset? - Correct Answer digital item that you can own but will never exist outside of the
internet
What is the purpose of blockchain technology? - Correct Answer Record, store and track digital
information and transactions.
What is one characteristic of blockchain technology that allows a ledger to be spread out and accessible
to people all over the world? - Correct Answer Distributed in a shared network
How does a hash help secure blockchain technology? - Correct Answer Hashes are like fingerprints that
can make each block of data unique. Blocks form a chain that can only have new blocks added.
How does a block of data on a blockchain get locked? - Correct Answer It gets double-checked by the
people with access to the public ledger.
Since blockchain technology is public, how are the identities of users protected? - Correct Answer User
identities are anonymous and protected by keys.
Dylan is having a hard time understanding how something that is decentralized with no authority
overseeing everything can be safe and secure. What detail will help ease his mind? - Correct Answer
Blockchain is a public ledger in which all transactions can be seen and double-checked.
What best describes the relationship between blockchain technology and cryptocurrencies? - Correct
Answer Cryptocurrencies are built, recorded, and stored on blockchain
Which one of the statements is true about cryptocurrency? - Correct Answer Cryptocurrency is a type
of digital asset that can be owned.
Which of the following is a reason why Satoshi Nakamoto created Bitcoin after the financial crisis of
2008? - Correct Answer To avoid dealing with traditional financial institutions.
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