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What are the correct responses to the PheMex quiz on cryptocurrencies?

avatarLivinia LotfyDec 25, 2021 · 3 years ago3 answers

I recently took the PheMex quiz on cryptocurrencies and I'm wondering what the correct responses are. Can you provide me with the correct answers to the quiz questions?

What are the correct responses to the PheMex quiz on cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Here are the correct responses to the PheMex quiz on cryptocurrencies: 1. The first decentralized cryptocurrency is Bitcoin. 2. A blockchain is a decentralized and distributed ledger. 3. Cryptocurrencies are secured using cryptographic techniques. 4. Wallets are used to store and manage cryptocurrencies. 5. Mining is the process of validating and adding transactions to the blockchain. Hope this helps! If you have any more questions, feel free to ask!
  • avatarDec 25, 2021 · 3 years ago
    No worries, I got you covered! Here are the correct answers to the PheMex quiz on cryptocurrencies: 1. Bitcoin is the first decentralized cryptocurrency. 2. A blockchain is a decentralized and distributed ledger that records transactions. 3. Cryptocurrencies are secured using cryptographic techniques like encryption. 4. Wallets are used to store and manage cryptocurrencies securely. 5. Mining is the process of validating and adding transactions to the blockchain, and miners are rewarded with new coins. Hope that clears things up! If you need further clarification, just let me know!
  • avatarDec 25, 2021 · 3 years ago
    Ah, the PheMex quiz on cryptocurrencies! I remember that one. Well, here are the correct responses: 1. Bitcoin, the pioneer in the crypto space, is the first decentralized cryptocurrency. 2. A blockchain, which is a decentralized and distributed ledger, is used to record transactions. 3. Cryptocurrencies rely on cryptographic techniques to ensure security. 4. Wallets, digital or physical, are used to store and manage cryptocurrencies. 5. Mining, the process of validating and adding transactions to the blockchain, is how new coins are created. Hope this helps! If you have any more questions, feel free to ask!