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Cryptocurrency
Consider the following statements with respect to Cryptocurrency:
- It is a form of digital cash that uses encryption technology to make it secure.
- People can store their cryptocurrency stashes in virtual wallets.
- Cryptocurrency is powered by a technology called blockchain, which functions like an open ledger that gets updated in real time.
- Cryptocurrency is secure and non-anonymous.
Select the correct answer using the code given below:
A |
1, 2, 3 and 4
|
|
B |
1, 2 and 3
|
|
C |
2, 3 and 4
|
|
D |
1, 3 and 4
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
It is a form of digital cash that uses encryption technology to make it secure. Cryptocurrencies exist not as physical bills or coins but rather as lines of digitally signed computer code. Records are typically kept on ledgers known as blockchain. People can store their cryptocurrency stashes in virtual wallets that resemble online bank accounts. Cryptocurrency is supposed to be secure and anonymous.
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