With reference to ‘Bitcoins’, sometimes seen in the news, which of the following statements is/are correct? 1. Bitcoins are tracked by the Central Banks of the countries. 2. Anyone with a Bitcoin address can send receive Bitcoins from anyone else with a Bitcoin address. 3. Online payments can be sent without either side knowing the identity of the other. Select the correct answer using the codes given below:

Question

With reference to &lsquo;Bitcoins&rsquo;, sometimes seen in the news, which of the following statements is/are correct? 1. Bitcoins are tracked by the Central Banks of the countries. 2. Anyone with a Bitcoin address can send receive Bitcoins from anyone else with a Bitcoin address. 3. Online payments can be sent without either side knowing the identity of the other. Select the correct answer using the codes given below:

CollectorBabu · Accepted Answer

Correct Answer: 2 and 3 only. ● Bitcoin is a cryptocurrency. It is the first decentralised digital currency, as the system works without a central bank or single administrator. ● The network is peer-to-peer and transactions take place between users directly, without an intermediary. ● Bitcoins can be sent without either side knowing the identity of the other.

Contact Information

Services