66. The History of Cryptocurrency

According to the essay, what was a primary motivation for the creation of cryptocurrency?
1. To make online shopping easier.
2. To create a system that was safe and free from government control.
3. To replace all traditional banks within a decade.
4. To help governments track financial transactions more easily.
What technology made Bitcoin unique when it was created?
1. Smart Contracts
2. Digital Wallets
3. Blockchain
4. The Internet
Why is the 2010 purchase of two pizzas with Bitcoin a significant event?
1. It proved that Bitcoin could be used for food delivery.
2. It demonstrated the first real-world purchase using cryptocurrency.
3. It caused the price of Bitcoin to crash.
4. It was the first time a company accepted cryptocurrency.
What special feature does the essay attribute to Ethereum?
1. It was the first cryptocurrency to use a blockchain.
2. It was created by a known government agency.
3. It allows for the creation of "smart contracts."
4. It is the only cryptocurrency accepted by major companies.
According to the essay, what was a major concern for governments as cryptocurrency became more popular?
1. That it would replace the need for computer programmers.
2. That it was too slow for international transactions.
3. Risks like fraud and unstable prices.
4. That it was invented by a person known as Satoshi Nakamoto.