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CBP Mock Exam for LearnToTradeCryptoCoins

Why Is The Bitcoin Network As A Whole Considered More Secure When More Hash Power is Added?

Because spreading the load over more computers increases redundancy

Because it increases the cost for an attacker to reach over 50% of the global hash rate

It’s not, the network is less secure since the difficulty level has increased

Because more hash power means more bitcoins enter the economy which weakens the buying power of each bitcoin

Most BIPs Are Proposals For Improvements To The Bitcoin Protocol

True

False

Satoshi Nakamoto Invented A Way To Achieve Decentralized Consensus.

True

False

What Is A Multi-Sig Wallet?

A wallet whose content has been frozen by the Bitcoin Foundation

A high security wallet maintained by a centralized vault system

A wallet that requires two or more signatures in order for funds to be spent

A wallet that can only receive funds from two or more sources

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