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:

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