Test Your Knowledge
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1. What is a key feature of cryptocurrency that distinguishes it from traditional currencies?
A) It operates under the control of a central bank
B) It uses cryptography for security and operates without a central authority
C) It is backed by physical assets like gold
D) It requires intermediaries to process transactions
2. What is the main purpose of a cryptocurrency wallet?
A) To provide a backup for your password
B) To store your private and public keys for managing digital assets
C) To trade cryptocurrency on exchanges
D) To exchange cryptocurrencies for fiat money
3. Which of the following is an example of a Decentralized Finance (DeFi) service?
A) Digital Art Sales (NFTs)
B) Lending platforms where you can borrow or lend cryptocurrency without a bank
C) A centralized exchange for trading crypto
D) A platform for playing blockchain-based games