QUIZ: How crypto-savvy are Ghanaians?

A sort of bodily forex manufactured from uncommon metals like gold and silver

A type of digital forex that’s saved on bodily paper notes, just like conventional paper cash.

A digital forex that depends on cryptography and operates on decentralized blockchain networks, eliminating the necessity for a government

Crypto wallets are the overall funds you may have in cryptocurrencies

Accounts the place buyers can retailer their cryptocurrencies extra securely than exchanges

A transaction the place you progress your cash out of your crypto account to the conventional Bank account

Yes, blockchain and Bitcoin are primarily the identical factor

Blockchain is only a fancy time period for the digital chain that holds bodily bitcoins collectively

No, blockchain and Bitcoin usually are not the identical. Blockchain is the underlying know-how that permits the existence of Bitcoin and different cryptocurrencies. Bitcoin is a selected digital forex that operates on a blockchain

Akwaaba Cedi, Wasawasa, JollofJumping

Chale Boga, Bitcoin, Sankofa Money

Bitcoin, Ethereum, Tether

Cryptocurrency taxes have to be put in place as a result of it’s a supply of earnings

It relies on how every authorities envisions the operate of the crypto market within the nation’s monetary financial system

Cryptocurrency taxes do not exist

Mining is the method by which cryptocurrency transactions amongst customers are verified and added to the general public blockchain ledger

Involves miners outfitted with digital pickaxes delving into the digital depths of the blockchain to extract bitcoins hidden throughout the code-laden rocks

It’s the computational course of the place highly effective computer systems, often known as miners, resolve complicated mathematical puzzles to validate transactions on the Bitcoin community