Bascis of Bitcoin You Should Know

 Who invented Bitcoin?

Answer: Satoshi Nakamoto


What is a Bitcoin Wallet?

Answer: A software that allows the transaction of miners


Is manarom among top five valued crypto currency?

Answer: No


What kind of currency is Bitcoin?

Answer: Decentralized currency


General ledger that attracts all Bitcoin?

Block Chain


What category does Bitcoin belong to?

Answer: Crypto Currency


What do you call a wallet that requires a multikey wallet to send a transaction?

Answer: N Multisig Exchange


Is Bitcoin Legal?

Answer: Yes


How is the price of bitcoin determined?

Answer: Through Supply and Demand


What is a bitcoin exchange?

Answer: It is the process in which traders buy and sell bitcoin through software or it can be called a digital market place where bitcoin is sold or bought using different fiat currency


How many bitcoin can ever exist?

Answer: 21 million


What was the first thing bitcoin was use to buy?

Answer: Pizza


What is bitcoin transaction?

Answer: It is the transfer of value between bitcoin wallet


What is the smallest unit of a bitcoin called?

Answer: Satoshi


Post a Comment

0 Comments