Which of the Following Is True About Bitcoin

question 6

Multiple Choice

Which of the following is true about bitcoin?

• A) In its current state, bitcoin can only process a fraction of transactions of traditional credit card companies.
• B) The grid-based, peer-produced verification network means bitcoin is as capable at processing transactions as even the largest credit card networks.
• C) Users transferring funds across border are likely to consider bitcoin beneficial because it has the potential to dramatically lower transaction fees.
• D) Despite the hype, there are no online retailers who current accept bitcoin, although this may change, soon.
• E) A and C are true.
• F) B and C are true.
• G) A, C, and D are true.
• H) B, C, and D are true.

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Definitions:

Table

An arrangement of data made up of rows and columns, often used to organize and display information systematically.

File

A formatted block of data treated as a unit.

Move With Mask

A programming instruction that moves bits from a source to a destination while applying a mask to selectively modify them.

Mask

A mask in digital computing and data processing is a pattern of bits used to accept or reject certain bits within another set of data by applying logical AND, OR, or XOR operations, often for purposes such as manipulating, extracting, or hiding data.