By: JamesJack • 8 year ago
By: 749320 • 8 year ago
Thank you so much for positive review. I hope this documents will be helpful for you.
Some examples from this set of practice questions
1.
What is Bitcoin?
Answer: Bitcoin is a unique payment system and new kind of virtual currency that exists almost completely in the virtual realm, unlike physical currencies like dollars, pounds and euros.
2.
When Bitcoin was introduced?
Answer: Bitcoin was introduced in 2009 (Investopedia, Definition of \'Bitcoin\'). Over it’s relatively short lifespan Bitcon has became news headlines and caught governmental attention. It is a new kind of electronic payment method that is often referred to as a “decentralized peer-to-peer currency”. It’s purely peer-to-peer form of electronic cash allows users to send online payment without going through any central authority or financial instituation (Wikipedia, Bitcoin).
3.
What are advantages of Bitcoins?
Answer: Transactions are made without middle men, meaning no central banks! There are very small transaction fees and the sender can hide his/her identity as well. Its developer is still mysterious and its worth has fluctuated but currency is getting more popular all over the world.
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