Comprehensionhard · Past Paper

Read the passage: Cryptocurrencies, though volatile, represent a significant innovation in the financial sector. They utilize blockchain technology to ensure transparency and security, bypassing traditional banking intermediaries. Question: What is the primary technological foundation of cryptocurrencies according to the passage?

AStandard encryption
BBlockchain technology
CCentral bank servers
DSocial media platforms

✓ Correct Answer: BBlockchain technology

The passage states that cryptocurrencies utilize blockchain technology.

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