Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is the first decentralized digital currency; its creator Satoshi Nakamoto set the protocol in 2009.

Which of the following statements about bitcoin is false?

A. Bitcoin is a digital asset.

B. Bitcoin is a payment system.

C. Bitcoin was created by Satoshi Nakamoto.

D. Bitcoin is the first decentralized digital currency.

Which of the following is a true statement about Blockchain?

What is Blockchain?

Blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

What is a Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first cryptocurrency, was created in 2009.

What is a Hash?

A hash is a mathematical algorithm that transforms data of any size into a fixed-length string of characters. A hash is created by processing a block of Bitcoin transactions through the SHA-256 algorithm.

What is a Bitcoin node?

A Bitcoin node is a computer that participates in the Bitcoin network. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

What is the smallest unit of Bitcoin quizlet?

What is the smallest unit of Bitcoin quizlet?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins can be divided up to 8 decimal places (0.00000001). This smallest unit is called a Satoshi.

Which of the following is the leading cause of data breaches quizlet?

Quizlet, a popular online quiz and study tool, suffered a data breach on Wednesday, March 1. The breach exposed the personal information of up to 12 million users, including email addresses, usernames, and hashed passwords. This is the latest in a long line of high-profile data breaches, and it’s important to understand what causes these breaches so that we can take steps to protect our personal information.

So, which of the following is the leading cause of data breaches?

1. Hacking

2. Human Error

3. Phishing

The answer is human error. A study by the Ponemon Institute found that human error is the leading cause of data breaches, accounting for 43 percent of all breaches. Hacking and phishing were second and third, respectively, with 28 percent and 12 percent of breaches.

There are a number of reasons why human error is the leading cause of data breaches. One reason is that human error is often the result of negligence or carelessness. For example, a worker might accidentally delete files or send an email with confidential information to the wrong person. Another reason is that humans are fallible and can make mistakes, such as typing the wrong URL into a browser.

What can we do to protect ourselves from data breaches caused by human error? The best thing we can do is to be aware of the risks and take steps to minimize them. For example, we can be careful about what information we share online and with whom we share it. We can also use strong passwords and two-factor authentication whenever possible. And we should always be vigilant about phishing scams and other attempts to steal our personal information.

What refers to the ability to identify the person or entity with whom you are dealing on the Internet?

The ability to identify the person or entity with whom you are dealing on the Internet is known as ‘identity’. It is important to be aware of who you are dealing with online, in order to protect yourself from scams and other malicious activities.

One way to verify the identity of someone you are communicating with online is to check their website’s domain name. The domain name is the part of the website address that comes after the ‘www.’, and it can be used to verify the website’s owner. For example, if you are looking to buy a product from a website, it is important to make sure that the domain name is correct and belongs to the correct business.

Another way to verify someone’s identity is by checking their social media profiles. Most social media platforms include information about the person’s name, location, and job. This information can be used to confirm that the person you are communicating with is who they say they are.

It is also important to be aware of the different types of identity theft that can occur online. Identity theft occurs when someone obtains your personal information, such as your name, address, or credit card number, and uses it to commit fraud.

If you are concerned about the safety of your personal information, there are several things you can do to protect yourself. One of the best ways to protect yourself is to use a strong password, and to never share your password with anyone. You can also use a password manager to help you create and remember strong passwords.

Another thing you can do is to be careful about the information you share online. Only share information with people you trust, and be wary of unsolicited emails or phone calls.

Finally, it is important to keep your computer and mobile devices secure. Make sure to install antivirus software and keep your software updated, and be careful about which websites you visit and what files you download.

By taking these precautions, you can help protect yourself from identity theft and other online scams.

Which statement about bitcoin is true?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Which statement about bitcoin is true?

A. Bitcoin is a digital currency.

B. Bitcoin is a digital asset.

C. Bitcoin is a payment system.

D. Bitcoin is unique because there are a finite number of them.

The statement that Bitcoin is unique because there are a finite number of them is true.

Which of the following is not true for blockchain smart contracts?

There are a few things that are true for blockchain smart contracts. They are self-executing, immutable, and transparent. However, there is one thing that is not true for them – they are not confidential. Because blockchain is a public ledger, any information entered into a smart contract is publicly viewable. This is a disadvantage for businesses that want to keep their contracts confidential.

What is the smallest bitcoin called?

What is the smallest bitcoin called?

Bitcoins are divisible down to 8 decimal places, so the smallest bitcoin is 0.00000001 bitcoins.

Bitcoin digital asset cause data breaches finite number them leading cause data

Theodore Valley