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?

Cryptography

Blockchain

Centralized network

Peer-to-peer network

How do you describe the state where an entity doesn't need a central authority to operate?

Centralized

Decentralized

Cryptographed

Encrypted

How do you describe the state where an entity needs a central authority to operate?

Centralized

Decentralized

Cryptography

Encrypted

What is a trait of traditional finance companies like BDO, BPI, or Metrobank?

Centralized

Decentralized

Autonomous

Encrypted

The Bitcoin network is _______

in China

in the United States

spread across the world

In Russia

What type of digital currency is secured by cryptography, making it next to impossible to counterfeit or hack?

Digital currency

Fiat money

Cryptocurrency

Barter trade

Bitcoin is accessible to _______

only the banks

major institutions and investors

only brokers

anyone

Bitcoin has _______

hefty fees

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?

Peer-to-peer

Cryptocurrency

Location agnostic

Centralized

What is Bitcoin?

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