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Section 6: Advanced Topics – Review

Section 6: Advanced Topics – Review

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Question 1 of 10

1. Question
What are altcoins in the cryptocurrency ecosystem?
- Digital wallets for storing Bitcoin.
- Alternative coins to Bitcoin.
- Physical representations of Bitcoin.
- Digital exchanges for trading Bitcoin.
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Question 2 of 10

2. Question
Which altcoin serves as a global payment network for banks and financial institutions?
- Ripple.
- Ethereum.
- Litecoin.
- Cardano.
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Question 3 of 10

3. Question
How is Bitcoin’s scalability challenge compared?
- A bottleneck limiting transaction processing.
- A superhighway with no traffic.
- A small road with no congestion.
- A wide-open field with no obstacles.
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Question 4 of 10

4. Question
What is one potential solution to Bitcoin’s scalability challenge mentioned?
- Increasing the block size limit.
- Reducing the number of transactions.
- Removing all transactions from the blockchain.
- Decreasing the number of Bitcoin users.
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Question 5 of 10

5. Question
What is Segregated Witness (SegWit) compared to?
- Widening the road.
- Building express lanes.
- Optimizing traffic flow.
- Planning for future upgrades.
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Question 6 of 10

6. Question
How is Bitcoin’s impact on society described?
- A ripple effect challenging traditional financial systems.
- A tidal wave eroding traditional banking.
- A gust of wind disrupting global economies.
- A silent whisper in the world of finance.
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Question 7 of 10

7. Question
What aspect of society does Bitcoin provide access to for the unbanked and underbanked populations?
- Internet connectivity.
- Traditional banking systems.
- Financial services.
- Physical bank branches.
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Question 8 of 10

8. Question
Bitcoin’s decentralized nature empowers individuals to have full control over what?
- Government policies.
- Centralized authorities.
- Their funds and transactions.
- Financial regulations.
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Question 9 of 10

9. Question
Bitcoin is compared to what in terms of its impact on innovation and entrepreneurship?
- A sandbox for creativity.
- A closed-off room with limited access.
- A tightly controlled government program.
- A highly regulated industry.
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Question 10 of 10

10. Question
How is Bitcoin’s impact on society extended beyond financial transactions?
- Through fostering a sense of solidarity and support.
- By promoting government regulations.
- By limiting access to traditional banking.
- Through encouraging excessive speculation.
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