Which attribute of money is unique to cryptocurrency? O it is a fungble store of value which serves as a medium of exchange O it can be divided into smaler portions and used for different sizes of transaction o la predictable, fixed monetary supply Otis durable and able to provide a lasting store of value Confirm What is the primary difference between cryptocurrency and a blockchain? Cryptocurrency is a medium of exchange, but blockchains are a store of valon. O Cryptocurrency is a new type of money, and bookchains are the enabling technology O Blockthwes are cryptographically secure and cryptocurrency is not O Bockchains sont related to cryptocurrency Confirm What accurately describes Bitcoin? O Bitcoin is a cryptocurrency that provides a stable unit of account O acon was created as a way to pay for goods and services on the black market ostcoin may not be used as a medium of exchange O Bitcoin was the best example of blockchain technology Confirm How might blockchain technology potentially address a common business need? The need for liquidity -- being able to send value to anyone in the world 24/7 without being constrained by banking hours O Eliminating all types of troud in a busness appications O Reducing the need for third parties from many to just one Veritying transactions by ding to ask only the sender Confirm Which is not a core component of blockchain technology? O Apeer to peer network O A common ledger o comun mecharum Ord monetary suoly Confirm What is the unique value proposition of public key cryptography? Bitcoin miners need both the public and private keys to validate a transaction O The person sending cryptocurrency never reveals the private bay O Provate keys are mathematically derved from public keys O Apublic address is susceptible to theft of cryptocurrency Confirm What does the proof of work consensus mechanism achieve? O Provides a platform were miners have to pay to compete for block rewards Pleabilty to switch to proof of stake consensus mode The completional power necessary to win a block reward O Create an incentive for untrusted third parties to act honestly Confirm The push versus pull paradigm fundamentally shifts what? O The authooty from a third party to the user who pushes value to the recipient O POLcompliance from the merchants to end users The risk offroad from end users to merchants The need for an end user to carefully distribute a public address Confirm How is the custody, responsibility, and control of assets different with cryptocurrency than with traditional currencies? Users don't have a choice for how to manage their cryptocurrency O A user who holds private keys has 100 percent custody responsibility, and control of assets Users and have 100 percent custody of cryptocurrency held on a centralized exchange Ouers who maintain full custody of their cryptocurrency do not have to be responsible for managing it Confirm Which attribute of money relates to the ability to be the same as or interchange with any other unit? O Durability O Portability O Divibility O Pung by Confirm
