Bitcoin - Study guides, Class notes & Summaries

Money and Financial Markets ECO 4223 Exam 3; Questions and Answers 100% Solved Lecture 13 monetary regime The __________________ regime refers to the institutions and mechanisms that govern the supply of money and, hence, its purchasing power. Bitcoin _________________ is an unbacked digital currency that was launched in 2009 by the pseudonymous Satoshi Nakamoto. 100,000,000 satoshis (or sats) 1 bitcoin can be divided into ___________________________________________. blockchain tec...

Why did Satoshi Nakamoto design Bitcoin? correct answers *To allow two willing parties to transact directly without the need for a trusted third party. *To create a payments system that wasn't reversible. *To solve the double spending problem by using a peer-to-peer network. What happens if the owner of a Bitcoin loses their private key? correct answers They won't be able to recover the Bitcoin. What would fractional reserve banking in a cryptocurrency do? correct answers It could incr...

Why is block chain considered unbreakable? - Answer it does not store any person data at all, blockchain only stored account transactions. Who wrote the 8-page white paper for bitcoin? - Answer An unknown person or group named "Satoshi Nakamoto" Who is the real Satoshi Nakamoto? - Answer Australian entrepreneur Craig Wright After release of the white paper, how did Bitcoin become a reality? - Answer In 2009, the first block is mined. The first transaction was made between Nakamoto and Ha...

BLCN 531 Midterm Exam Questions and Answers - University of the Cumberlands What term refers to a device or software system that collects environmental information and makes independent decisions. Autonomous agent Distributed agent Isolated entity Environment-sensing collector Question 2 What blockchain implementation resulted from bitcoin’s rejection of a recommendation to enhance its scripting language support? Ethereum Hyperledger Fabric Multichain IOTA Question 3 Blockchai...

Skip to main contentSide panel ECS1601-23-S2 Online assessments Assessment 1 QUIZ Assessment 1 Started on Saturday, 19 August 2023, 2:43 PM State Finished Completed on Saturday, 19 August 2023, 3:14 PM Time taken 30 mins 14 secs Marks 28.00/40.00 Grade 70.00 out of 100.00 Question 1 Complete Mark 2.00 out of 2.00 Flag question Question text The circular flow model reveals that a decrease in South African imports will … . a. decrease South African imports b. increase ...

Samenvatting - Introduction to Digital Economics and FinTech (MAN-BKV09)

BTC Study Test Questions & Answers 2024/2025 sha256 properties - ANSWERS1. the output is deterministic: you always get the same output for the same input 2. The output is unpredictable:changing just one letter or adding a space ton the input string will drastically change the output, so much so that you cannot find any correlation to the original input 3. It is quick to compute the hash for any size of input data 4. It is basically impossible to find two strings that hash to the same out...

In a peer-to-peer blockchain network, __________________ can write the next block on the block chain. A. Certain pre-approved nodes B. smart nodes C. Nodes with advanced Computers D. Any Node correct answers D. Any Node Any data that is stored on a block is _________________________ A. Updated regularly B. Visible to any other node on the network C. Limited in terms of privacy D. Curated afterwards by an individual node correct answers B. Visible to any other node on the network __...

mining - Answer Mining is conducted using hardware and software to generate a cryptographic number that is equal to or less than a number set by the Bitcoin network difficulty algorithm. The first miner to find the solution to the problem receives the Bitcoin reward, and the process begins again what fields can blockchain be used in? - Answer real estate, medical, supply chain, etc the business process - Answer -A sequence of steps progressing toward a business goal to create value

What are 3 accelerators of the FinTech Industry? correct answers 1. Loss of consumer trust in financial institutions 2. Free software, cloud computing, connectivity 3. Generation change - Millennials What is the difference between FinTech and TechFin? correct answers FinTech is a financial service company using technology (LendingClub), while TechFin is a tech company providing some financial services (Apple) What are the 6 "flavors" of FinTech? correct answers 1. P2P lenders (ie. Lend...