Which of the following is true about bitcoin?
A) In its current state, bitcoin can only process a fraction of transactions of traditional credit card companies.
B) The grid-based, peer-produced verification network means bitcoin is as capable at processing transactions as even the largest credit card networks.
C) Users transferring funds across border are likely to consider bitcoin beneficial because it has the potential to dramatically lower transaction fees.
D) Despite the hype, there are no online retailers who current accept bitcoin, although this may change, soon.
E) A and C are true.
F) B and C are true.
G) A, C, and D are true.
H) B, C, and D are true.

Question

Which of the following is true about bitcoin?
A) In its current state, bitcoin can only process a fraction of transactions of traditional credit card companies.
B) The grid-based, peer-produced verification network means bitcoin is as capable at processing transactions as even the largest credit card networks.
C) Users transferring funds across border are likely to consider bitcoin beneficial because it has the potential to dramatically lower transaction fees.
D) Despite the hype, there are no online retailers who current accept bitcoin, although this may change, soon.
E) A and C are true. 
F) B and C are true.
G) A, C, and D are true.
H) B, C, and D are true.

Quizplus · Accepted Answer

Bitcoin can process fewer transactions compared to traditional credit card companies, and it can lower transaction fees for cross-border transfers.

Which of the Following Is True About Bitcoin