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THE BITCOIN BITES

What is Bitcoin?
A decentralized digital currency
A centralized digital currency
A physical currency
A barter system
Who created Bitcoin?
Vitalik Buterin
Bill Gates
Mark Zuckerberg
Satoshi Nakamoto
What is the maximum supply of Bitcoin?
10 million
21 million
100 million
1 billion
How are new Bitcoins created?
Through a process called mining
By purchasing them from a central authority
By solving complex mathematical problems
By receiving them as rewards for validating transactions
How does Bitcoin achieve security in transactions?
Mining
Cryptography
Blockchain
Bitcoin Wallet
What is the advantage of using Bitcoin for transactions?
Decentralization and freedom from central authorities
Lower transaction fees compared to traditional banking systems
Fast and borderless transactions
Guaranteed anonymity for all users
Protection against fraud and chargebacks
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