Bitcoin is a __________________ that enables users to send value from one another without the need for intermediaries.
peer-to-peer, centralized cryptocurrency
peer-to-peer, decentralized cryptocurrency
peer-to-peer, centralized digital currency
peer-to-peer, decentralized digital currency
What is torrenting an example of?
How do you describe the state where an entity doesn't need a central authority to operate?
How do you describe the state where an entity needs a central authority to operate?
What is a trait of traditional finance companies like BDO, BPI, or Metrobank?
The Bitcoin network is _______
in the United States
spread across the world
What type of digital currency is secured by cryptography, making it next to impossible to counterfeit or hack?
Bitcoin is accessible to _______
only the banks
major institutions and investors
Bitcoin has _______
a central governing party
a third party
security backed by cryptography
What characteristic refers to a network where different computers act as both clients and servers, taking out the need for a central party to communicate?
What is Bitcoin?