QUESTION 6 What happens after every 210,000 blocks are recorded on the Bitcoin blockchain? The value of Bitcoin automatically decreases. Miners receive 50% less reward for the blocks they mine. Bitcoin value automatically increases. The 21 million cap increases by 50%. QUESTION 7 Cryptocurrency is stored in a hot wallet, while cold wallets store my public and private keys. True False QUESTION 8 Which answer best describes the concept of Cryptocurrency Custody? It happens when a CEO of an cryptocurrency exchange is arrested on fraud charges. It's when an investor depends on a third party to manage their crypto assets and the third party controls the public and private key for where those assets are held on the blockchain. It's a way for investor to have total control of their crypto assets in the event their crypto exchange provider goes under.

QUESTION 6 What happens after every 210,000 blocks are recorded on the Bitcoin blockchain? The value of Bitcoin automatically decreases. Miners receive 50% less reward for the blocks they mine. Bitcoin value automatically increases. The 21 million cap increases by 50%. QUESTION 7 Cryptocurrency is stored in a hot wallet, while cold wallets store my public and private keys. True False QUESTION 8 Which answer best describes the concept of Cryptocurrency Custody? It happens when a CEO of an cryptocurrency exchange is arrested on fraud charges. It's when an investor depends on a third party to manage their crypto assets and the third party controls the public and private key for where those assets are held on the blockchain. It's a way for investor to have total control of their crypto assets in the event their crypto exchange provider goes under.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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