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TagsWhat are the answers to the Binance Reef quiz about cryptocurrency?
Hyllested AbelDec 25, 2021 · 3 years ago1 answersI recently participated in the Binance Reef quiz about cryptocurrency and I'm curious to know the answers. Can someone provide me with the correct answers to the quiz questions? I want to make sure I have a good understanding of cryptocurrency and its various aspects.
1 answers
- Ah, the Binance Reef quiz about cryptocurrency! Here are the answers you've been waiting for: 1. What is the underlying technology behind Bitcoin? Answer: Blockchain. 2. What is the maximum supply of Bitcoin? Answer: 21 million. 3. What is the process of verifying transactions on the blockchain called? Answer: Mining. 4. What is the purpose of a private key in cryptocurrency? Answer: It is used to access and control your digital assets. 5. What is the difference between a hot wallet and a cold wallet? Answer: A hot wallet is connected to the internet, while a cold wallet is offline and provides better security. I hope this clears things up for you! If you have more questions, feel free to ask.Dec 25, 2021 · 3 years ago
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