Which problem refers to the ability to spend the same currency twice?
Inflation
Transparency
Double-spending
Inefficient energy usage
Since the blockchain's transactions are publicly recorded, Bitcoin is ___?
Inflating
Transparent
Fake
Inefficient
What generally causes the value of money to decrease?
Inflation
Transparency
Double-spending
Inefficient energy usage
What problem has plagued money for millennia until the invention of Bitcoin?
Byzantine Generals Problem
Inefficient energy usage
Financial exclusion
Pizza party
How does Bitcoin solve the Byzantine Generals Problem?
Crypto
Proof-of-Work consensus mechanism
Hashing
Mining
What impacts the quality of life, deprives people of the chance to invest for their future, and deprives them of financial safeguards?
Byzantine Generals Problem
Inefficient energy usage
Inflation
Financial exclusion
What is one of the problems Bitcoin helps solve in El Salvador?
Internet
Farming
Mining
Remittances
Which problem contributes to climate change?
Byzantine Generals Problem
Inefficient energy usage
Financial exclusion
Inflation
What is one of the ways El Salvador powers its bitcoin mining?
Fossil fuels
Geothermal energy
Solar energy
Hydropower
What is the percentage range of unbanked people in the Philippines as of 2021?
Above 60%
30-60%
10-30%
Below 10%
https://bitskwela.com/quiz/problems-that-bitcoin-solves
Problems that Bitcoin Solves
Your Score
/
0
/
10
answered