Digital1
What is the digital economy?
Online-based economy.
Give two examples of digital economy businesses.
Amazon, PayPal. etc.
Who created Bitcoin?
Satoshi Nakamoto
What does a blockchain store?
Transactions and data
What is the first blockchain application?
Bitcoin
How does e-commerce help businesses?
Increases sales, reduces costs.
What is a digital payment system?
Electronic transaction method.
What year was Bitcoin introduced?
2008
Which consensus method does Bitcoin use?
Proof of Work
What is a digital wallet used for?
Storing cryptocurrency
Why is data important in the digital economy?
Improves decisions, efficiency.
What is the impact of digital platforms on traditional businesses?
Increases competition, innovation.
What is Ethereum mainly used for?
Smart contracts
What technology secures blockchain?
Cryptography
What does mining in blockchain involve?
Solving math problems
How do governments regulate the digital economy?
Laws, taxes, policies.
What are the risks of a fully digital economy?
Cyber threats, inequality.
Which blockchain phase introduced smart contracts?
Blockchain 2.0
Which company launched Hyperledger?
Linux Foundation
What makes blockchain data immutable?
Cryptographic hashing
How can developing countries benefit from the digital economy?
Digital access, innovation.
What is the role of Al in the future digital economy?
Automation, new opportunities.
What is the main drawback of Proof of Work?
High energy consumption
Which Chinese blockchain is called
"Chinese Ethereum"?
NEO
Which retailer uses blockchain for food traceability?
Auchan