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Understanding the Nature of Cryptocurrency and Its Characteristics

Which one of the statements is true about cryptocurrency?
Cryptocurrency controls blockchain technology.
Cryptocurrency is a type of digital asset that can be owned.
Cryptocurrency is a type of hash that gives value to a block of data.
Cryptocurrency gets its value based on how many blocks of data it is made of.




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What is the capital of Egypt? ( Cairo )

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  1. The true statement about cryptocurrency is: Cryptocurrency is a type of digital asset that can be owned.

    Explanation: Cryptocurrency refers to digital or virtual currencies that use cryptography for security and can be owned and traded by individuals. Unlike traditional currencies, cryptocurrencies operate on decentralized networks based on blockchain technology, but they are not controlled by it. The other statements incorrectly describe the relationship between cryptocurrency and blockchain or mischaracterize what cryptocurrency is. If you have more questions or need further clarification, feel free to ask!

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