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User Kelvindhope
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Answers by Kelvindhope
0
votes
What is the significance of the term "Satoshi Nakamoto" in the context of Bitcoin?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
How does Bitcoin's consensus mechanism differ from that of other cryptocurrencies?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the purpose of a Bitcoin node in the network?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
Can you explain the concept of a "hard fork" in the context of Bitcoin?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
How does Bitcoin's price volatility compare to traditional currencies?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the current (as of 2024) approximate transaction fee for a Bitcoin transaction?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
Can you explain the concept of "proof of work" as it relates to Bitcoin mining?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the significance of the term "digital gold" in relation to Bitcoin?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What are some of the main criticisms or challenges faced by Bitcoin?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
How does Bitcoin address the issue of double-spending?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the Lightning Network, and how does it aim to improve Bitcoin's scalability?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the purpose of cryptographic hashing in Bitcoin?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
How does Bitcoin achieve decentralization in its network?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the current approximate block time for Bitcoin transactions?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the difference between Bitcoin and traditional fiat currencies?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the role of the blockchain in the Bitcoin network?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the significance of the "halving" event in Bitcoin's protocol?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the purpose of a Bitcoin wallet?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the term used to describe the process of verifying and confirming Bitcoin transactions?
answered
Mar 20, 2024
in
Cryptocurrency
0
votes
What is the name of the ledger that records all Bitcoin transactions?
answered
Mar 20, 2024
in
Cryptocurrency
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