What makes Cryptocurrency different from other digital funds, such as PayPal?
It is not reliant on any central authority
It is not a wallet but a currency like the dollar is a currency
It eliminates the need for any and all intermediaries
What was the first decentralized cryptocurrency?
When was Bitcoin released?
What doesn't a cryptocurrency 'blockchain' HAVE to have?
A code of the last block in the chain
What was the worth of 1 Bitcoin when it was originally estimated in sale?
How much was Bitcoin worth at its peak?
As of December 2022, how much was 1 Bitcoin worth?
Which cryptocurrency takes SECOND place as the most expensive to buy 1 coin of?
As of December 2022, it is worth about $1100-$1200 per 1 coin, while Bitcoin is worth about $16-17000
Which cryptocurrency was launched in 2022?
As of end of 2022, when was peak worth for crypto currencies?
The man who invented Bitcoin, as well as the first blockchain database, is...
What does "mining" for cryptocurrency NOT involve?
Using a high powered computer to solve math problems
Finding a new encryption for new coins
Winning against other computers by solving a math problem first
Trading coins between owners and increasing their value
Why are some countries officially considering outlawing mining for cryptocurrencies, while China has already done so?
The computers do too much environmental damage
Because of illegal activities the currency is used for
Because they are afraid it will destabilize the economy
Because it lowers the value of the coins in the hands of buyers