Cryptocurrency Vocabulary Practice

Front

The act of creating or solving codes

Back

Cryptography

Front

Government-issued currencies that are not backed by anything physical

Back

Fiat Currencies

Front

The underlying technology of cryptocurrency that keeps the system secure

Back

Blockchain

Front

______make up a blockchain.

Back

Blocks

Front

__________means there is no central point of the network. Instead, it is spread over a series of users

Back

Decentralized

Front

______are digitalized contracts that are executed on the blockchain between different parties

Back

Smart contracts

Front

Which term refers to the verification process of cryptocurrency transactions?

Back

Mining

Front

What type of record-keeping technology is used in blockchain?

Back

Distributed Ledger

Front

Which cryptocurrency is known for its smart contract capabilities?

Back

Ethereum