Question

Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known; I. Bitcoin is a decentralized electronic payment system II. Only a finite number of bitcoins can be created by miners III. Bitcoins are indivisible units of currency IV. Every single bitcoin transaction is recorded in a ledger called the blockchain. Which of the above statements are correct?
A) (i), (ii) and (iii) B) (i), (iii) and (iv) C) (i), (ii) and (iv) D) (i), (ii), (iii) and (iv)

Answer 1

Answer:

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