Blockchain Flashcards
1
Q
…. is a distributed database or ledger shared across a computer network’s nodes.
A
Blockchain
2
Q
…. is one of the first use cases of blockchain technology.
A
Bitcoin
3
Q
Bitcoin was invented in …. by an unknown person or group using the name “….”.
A
- 2008
- Satoshi Nakamoto
4
Q
The data stored and processed on the Bitcoin protocol represent ….
A
financial transactions
5
Q
Qualifications of Bitcoin
A
- Disintermediation
- Decentralization of power
- Security and transparency
(see pg. 8)
6
Q
Criticisim of Bitcoin
A
- Carbon footprint
- Transaction time and cost
(see pg. 13)
