1
Q
Why was cryptocurrency created
A
In order to skip 3rd parties in transactions of money for two people to pay each other (like banks).
2
Q
What is cryptocurrency
A
Is the direct exchange of digital currency the transaction is processed by a “ blockchain” an online service that forever records the transaction removing the traditional banks and gov’t as the 3rd party processing medium
3
Q
What is Blockchain
A
Blockchain is to Bitcoin what the internet is to facebook. Blockchain is not just Bitcoin but can be used for many different things and exchanges.
Cryptocurrency
flashcards
Decks in class (5)
# Cards
