MCM REVISION

What does 'distributed ledger' mean in blockchain?

• Data in one server

• Data shared across computers

• Data hidden by banks

• Paper records

Why is blockchain secure and tamper-proof?

• Hidden from public

• Encrypted & irreversible

• Approved by banks

• Govt regulated

Transparency in blockchain means:

• Only regulators see

• All network participants see

• Only banks see

• Records are invisible

Which shows blockchain has no central authority?

• Controlled by government

• Controlled by users

• Controlled by banks only

• Controlled by cloud providers

Immutable records in blockchain mean:

• Cannot be deleted or edited

• Can be altered by regulators

• Data is temporary

• Data updated daily

Which is TRUE about cryptocurrency?

• Exists only digitally

• Exists only as notes and coins

• Requires government printing

• Controlled by central banks

Traditional money differs from cryptocurrency because:

• It is anonymous

• It is legal tender issued by central banks

• It is created by mining

• It uses blockchain

Cryptocurrency is decentralised because:

• Controlled by one bank

• Not controlled by any government

• Issued by central banks

• Requires paper printing

How is cryptocurrency secured?

• Physical cash storage

• Cryptography & encryption

• Bank verification

• Government seals

Why is cryptocurrency not legal tender in Malaysia?

• It is unstable

• It cannot be used officially for debts

• It is banned globally

• It has no records