1. True or false and explain why. (Note that most of the marks will be given for the explanation.

a) Due to the pseudonymity of Bitcoin, it is not possible to analyze the information flowing through the network to acquire different grades of knowledge about Bitcoin addresses and the users behind them.

b) Bitcoin transactions are just a list of transaction inputs and a list of transaction outputs and there are not actually any coins in the system.

c) The recurring flow payments to miners for running the Bitcoin blockchain must large relative to the one-off benefits of attacking it.

d) Cryptocurrencies comprise a unique asset class with returns that have low co-movement with traditional asset classes such as currencies, commodities, stocks and macroeconomic factors.

e) The concepts of blockchain scalability, security and decentralization are independent of one another

give all correct answer with explanation .......