Cryptocurrency T/F

Cryptocurrency is a digital asset that can be exchanged online or used to purchase goods or services.

• Fact

• Fiction

Cryptocurrency uses blockchain technology to create a ledger that records transactions in a secure, digital, shared database.

• Fact

• Fiction

The U.S. Department of the Treasury produces cryptocurrency.

• Fact

• Fiction

Cryptocurrency is backed by a commodity such as gold or silver

• Fact

• Fiction

Bitcoin is often recognized as the first decentralized cryptocurrency

• Fact

• Fiction

Miners earn cryptocurrency by using computers to solve complex mathematical problems to create new blocks for the ledger.

• Fact

• Fiction

Like paper money, cryptocurrency is also available in a physical form.

• Fact

• Fiction

Cryptocurrency mining requires a large amount of computing power, and therefore electricity

• Fact

• Fiction

t is impossible for thieves to steal cryptocurrency from owners.

• Fact

• Fiction

The use of Bitcoin, a widely used cryptocurrency, began in 2000.

• Fact

• Fiction