Cryptocurrencies
The first cryptocurrency ever
What is Bitcoin?
What is Cryptology?
The amount of time in years Bitcoin has been officially accessible to the public
What is 14?
Name at least one area besides finance that could potentially benefit from the implementation of blockchain technology
What is healthcare, education, business management, government, social media, etc.? (technically anything that can use technology)
The drastic fluctuations in value for cryptocurrencies
What is volatility? (instability)
The second most popular cryptocurrency
What is Ethereum?
A digital public ledger that operates on multiple computers that are all part of the same network
What is a blockchain?
The year that Ethereum was officially released
What is 2015?
Nothing is required for anyone to be able to purchase or sell any amount of any crypto
What is ease of access?
Insufficient laws, standards, and enforcement in the crypto world
What is lack of regulation?
Any cryptocurrency that is pegged to a commodity such as the US dollar
What is a Stablecoin?
A digital platform where two individuals can interact with each other directly
What is P2P?
The month and year that both Bitcoin and Ethereum reached the highest value they've ever been worth
What is November, 2021?
No intermediaries are necessary to facilitate transactions
What is third-party obsolescence?
When a malicious intruder hijacks a network in an attempt to sabotage or steal from it
What is hacking?
The creator of Bitcoin
Who is Satoshi Nakamoto
The process of verifying transactions on a cryptocurrency's blockchain under Proof of Work
What is Mining?
The event that prompted Bitcoin's creation
What was the 2008 financial crises? (Housing market collapsed)
The ability for blockchains to survive even if something happens to certain parts of their network
What is high resilience? (removal of single points of failure)
The reason why crypto is contributing to climate change
What is high energy consumption?
The largest racial demographic that tends to use or invest in cryptocurrencies within the US
What are Asians?
A consensus mechanism where owners of a cryptocurrency offer their own coins as collateral for the chance to confirm transactions
What is Proof of Stake?
The reason why May 22 is so significant
What is Bitcoin Pizza Day? (Two Papa John pizzas were bought for 10,000 bitcoins or $375 million)
The ability to get money immediately withdrawn or deposited in your wallet the second you buy or sell with a currency
What are instantaneous transactions? (speed of fund transfers)
The most recent and most prominent crypto exchange to go bankrupt resulting with the arrest of its CEO
What is FTX?