What is one of the main features of digital currencies?

They are backed by physical commodities.

They exist solely in electronic format.

They have low transaction fees.

They are controlled by central banks.

What role do 'blocks' play in blockchain technology?

They contain groups of transactions

They validate physical transactions

Why are digital currencies considered volatile?

They are controlled by multiple governments

They are backed by physical assets

Their supply is controlled by a single entity

How does decentralization benefit blockchain technology?

It reduces the need for physical storage

It enables independent verification of transactions

It simplifies transaction processes

What is required for a transaction to be added to the blockchain?

Validation by multiple network participants

Why might digital currencies pose investment risks?

They are backed by physical commodities

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