Blockchain – Knowsia

BMIS – L1 – SA – Q18.6 – Cryptocurrencies

Classifies cryptocurrencies as an example of a specific technology or asset.

Question

Cryptocurrencies are an example of which of the following?

A Digital Asset

B Blockchain technology

C Distributed ledger

D Digital wallet

Answer

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Tags: Blockchain, Cryptocurrencies, Digital Assets, FinTech
Level: Level 1

Topic: The internet

BMIS – L1 – QH1 – Blockchain

List and explain the main advantages of blockchain technology.

Question

(a). List and briefly explain the main advantages of blockchain technology.

(b). Explain what is meant by a 51% attack.

(c). Briefly describe TWO other limitations of blockchain technology.

Answer

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Tags: Blockchain, Energy Costs, Illegal Trading, Limitations
Level: Level 1

Topic: The internet

Tag (SQ): Blockchain

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BMIS – L1 – SA – Q18.6 – Cryptocurrencies

Classifies cryptocurrencies as an example of a specific technology or asset.

BMIS – L1 – QH1 – Blockchain

List and explain the main advantages of blockchain technology.

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Tag (SQ): Blockchain

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BMIS – L1 – SA – Q18.6 – Cryptocurrencies

Classifies cryptocurrencies as an example of a specific technology or asset.

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BMIS – L1 – QH1 – Blockchain

List and explain the main advantages of blockchain technology.

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