Quiz 4

What is the purpose of a "seed phrase" in a Bitcoin wallet?

To mine new bitcoins To recover the wallet's private key To verify transaction confirmations To increase mining difficulty

What is the term for a software upgrade that is not backward-compatible and may result in a split in the blockchain?

Hard fork Soft fork Hash function Segregated Witness

What does the acronym KYC stand for in the context of Bitcoin and cryptocurrency?

Know Your Coin Keep Your Cryptocurrency Know Your Customer Keep Your Code

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