💡 Y Bot Learning Task
Login to the project: /StartGame
🎓Today's answers (What is Decentralization?):
1. A system where one central actor can control the whole system.
2. A robust and highly reliable system without a central entity.
3. Their accounts were frozen by government order.
🎓Lesson 2 - How Blockchain Works
- What is blockchain? (A special kind of database)
- Do Bitcoin transactions ever get deleted? (No, Bitcoin blockchain stores all transactions and never deletes them)
- How are blockchains protected from missing and corrupted data? (Each node stores its own copy of the blockchain)
🎓Lesson 3 - Cryptography basics
- Why are cryptocurrencies called so? (They use cryptography to maintain security)
- What is used to sign a cryptocurrency transaction? (A private key)
- Why do blockchain networks store all old transactions? (To verify users’ balance)
🎓Lesson 4 - Real-World Applications of Blockchain
Q: What was Bitcoin's original purpose?
A: A peer-to-peer system for transferring digital assets.
Q: Blockchains are useful in every industry that needs…
A: Accurate record tracking and automated value transfer.
Q: What benefit blockchain networks CAN NOT bring?
A: Consistent energy generation
🎓Lesson 5 - The Birth of Cryptocurrency
Q: What is the common problem for all money?
A: There’s a counterfeit problem.
Q: When did researchers start experimenting with the digital money concept?
A: In the 1980s.
Q: When was Bitcoin introduced?
A: 2008
Q: What does Bitcoin use instead of a single centralized authority?
A: A decentralized network of nodes.
Q:What consensus mechanist does Bitcoin use?
A: Proof of Work
🎓Lesson 6 - Cryptocurrency vs Traditional Banking
Q: How is Bitcoin superior to fiat money?
A: It doesn’t need intermediaries to work.
Q: How does Bitcoin protect users’ funds on addresses?
A: With cryptography.
Q: What do banks call Bitcoin?
A: A threat to financial stability.
🎓Lesson 7 - Comparing Bitcoin, Ethereum, and Altcoins
Q: Which blockchain network brought smart contracts?
A: Ethereum.
Q: What technology powers tokens, DeFi, and any blockchain apps?
A: Smart contracts.
Q: Why are there so many blockchains?
A: Developers invent something better and new.
Q: Pick the Ethereum Logo
A: 2. 🪙
Q: Meme coins ....?
A: Are driven by hype and speculation, lacking intrinsic value.
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