Satoshi Quiz

Why is timestamp server proposed in Bitcoin P2P Electronic Cash System?

• Timestamp proves that the data must have existed in order to get into the hash.

• Timestamp proves that no data should exist so that hashes are secured.

• Timestamp proves that the data should reinforce in forming a chain with little verification.

• Timestamp proves that no data should be erased so that the majority of nodes has the transactions.

What problem does the Proof of Work Algorithm aims to solve in Bitcoin Blockchain?

• Hashing and security

• Determining representation in majority decision making

• An attacker has to redo the Proof of Work of the block and all blocks and then catch up with/surpass the work of honest nodes.

• Digital signature as the main part of the solution

What does Privacy means in Satoshi Nakamoto's white paper?

• Privacy can be maintained by keeping public keys anonymous

• New key pair should always be used for each transaction to keep them from being linked to a common owner.

• Privacy is kept within trusted third parties without revealing to public.

• Public can see that someone is sending an amount to someone else, without linking transaction to anyone

What is another word for computers in the paper Bitcoin: Peer to peer Electronic Cash System

What is the name of Electronic Cash/Cryptocurrent that Satoshi has coined?