PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Bitcoin

Category - What is Bitcoin

Start a Study Session Sign up for Question of the Day

How do individuals create new bitcoins?

By finding bugs on the Bitcoin website.
By solving complex math problems.
By finding bugs in the Bitcoin blockchain.
By lending their computing power to Bitcoin.

Explanation

Answer: B - Individuals create new bitcoins by solving complex math problems. While this often involves using their computing power to solve these problems, the process helps verify Bitcoin transactions to ensure that the bitcoins aren’t spent twice.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Most popular on PracticeQuiz

157 votes

An 8-year-old boy named Albert has a 10-year-old brother named Benny. Benny joins the service at 20 leaving Albert feeling bitter that he no longer has a brother to look up to. After 7 years, Albert is finally ready to make up with Benny who has been out of the service for 5 years. How old is Albert now? GED Exam Prep: Math
120 votes

The lymphatic system contains four organs: Medical Coding Exam Prep
79 votes

Using motivation from ‘within’ is called ______________. CPCE Exam Prep
74 votes

“A set of specialized organizational capabilities for providing value to customers in the form of services” is the official definition of: IT Service Management Foundation Practice Test
72 votes

Which are the most serious adverse effects associated with Lithium? MACE Medication Assistant Exam Prep

Bitcoin

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Bitcoin

Top questions

Related questions

Most popular on PracticeQuiz