Digital Currency

Question 1

Currency

Answer 1

Currency is the money that’s being used in a given country @ a certain time.

Name three currencies & their countries?
Baht for Thailand,
Ropee for India,
Metical for Mozambique.

Question 2

Cryptic (Crypto)

Answer 2

Crypto is a prefix meaning hidden or secret, it comes from the word cryptic, Which means mysterious or difficult to understand.

When was the first Bitcoin crypto currency first created?
2009.
A cryptic riddle: What do rich people need, poor people have it, & if you eat it you die?

Yep. That’s money for old rope.
Which means it’s an easy way of earning money.

Question 3

Legal tender

Answer 3

Legal tender is the official money that can be used within a country.

The Euro is legal tender within Spain.
Bitcoin is not a legal tender.

Question 4

Fluctuate

Answer 4

Fluctuate means changes in level or amount.

The stock market fluctuates, but my love for my family never does.

Question 5

Soared

Answer 5

Soared in this content means increased very quickly.

One stock exchange in Chicago has begun trading in Bitcoins future contracts.
The future contracts, a bet on where the currency will be a month from now, soared above 18000 dollars.

Question 6

Scepticism

Answer 6

Scepticism is a doubt that sth is real or true!

At the big banks there’s still plenty of scepticism about the currency.
What sort of things are people sceptical about?
Some people think that humans activity hasn’t caused climate change. They are sceptical.

There are only two ways to get bitcoins.
You either trade them for someone, or you go mining.
This is when you use your computer to run calculations which verify other bitcoins transactions.