Which statement is correct regarding bitcoin and blockchain? O All blockchains are the same O Bitcoin was the first use case of blockchain technology used as a medium of exchange to store and transfer value O Next-generation blockchains not associated with Bitcoin will still share all the attributes of the Bitcoin blockchain Anyone can own the public blockchain Bitcoin Confirm What statement is correct regarding gold and bitcoin? O Both gold and bitcoin are excellent mediums of exchange. O Both gold and bitcoin are excellent units of account. O Both gold and bitcoin are excellent stores of value O Bitcoin is a poor store of value, but gold is an excellent store of value. Confirm Which two attributes of money are the ones that make bitcoin superior to gold? O Durable and portable O Portable and divisible. O Fungible and divisible. O Portable and fungible Confirm Which core component of blockchain makes blockchain immutable, secure and reliable? O Consensus mechanism. O Peer-to-peer network. O The ledger Incentive mechanism Confirm What gives bitcoin miners the incentive to supply computing power to solve a math puzzle? O The more computing power they supply, the greater say they have on the blockchain O The winner gets the proposed block added to the blockchain and receives bitcoin as a reward. Miners get huge moral satisfaction by participating in a math puzzle. Miners risk losing their stake if they don't participate in the puzzle. Confirm Which statement is NOT accurate regarding cryptography and encryption? O The key used to encrypt and decrypt a message has to be the same O Asymmetric encryption is more secure than symmetric encryption O Cryptography is the science of secret communication O Encryption is the process of creating a secret and the code to make the secret information accessible Confirm What is a difference between the traditional financial model and the new financial model enabled by blockchain? O In the new financial model, the buyer gives financial information to the seller. O In the traditional financial model, the buyer gives authority to the seller to pull money from the buyer's account. O In the traditional financial model, the buyer does not need to hand over their credit card information or bank account information to the seller In the new financial model, the seller still needs credit card or bank information Confirm Which statement about custody, responsibility, and control continuum for assets is NOT correct? O Traditional financial institutions maintain custody of their customers' assets, which means they also have responsibility and control of those assets on behalf of their customers O Owning cryptocurrency is only having custody of the assets, but not having the corresponding responsibility and control of those assets O True custody happens only when the owner holds the private key of a fully decentralized cryptocurrency like bitcoin, O Permissioned blockchains and centralized exchanges fall in the middle of the custody, responsibility, and control for assets continuum Confirm