What does the word "mining" mean when talking about crypto?

It's the process of guessing the result of a complex mathematical problem.
This is only partly right
It's the confirmation of a series of transactions.
This is only partly right.
It's the process of inserting new coins into the system.
This is only partly right.
All of the above
That’s right!

Next

What is the difference between a share and a bond?

It's an alternative method to pick up validators.
No, that’s not true.
It's an alternative method to traditional mining, used to validate the transactions and create the blocks.
That’s right!
It's a validation method that involves mining.
No, that’s not true.
It's a method used to mine Dogecoin.
No, that’s not true.

Next

Is it legal for you to mine crypto?

It's not legal.
No, that’s not true.
It's legal if you already own cryptocurrencies.
No, that’s not true.
It depends on the country.
That’s right!
It's legal if you apply the Proof of Stake consensus.
No, that’s not true.

Next

What's the principle behind a smart contract?

The results of a smart contract are visible for everyone, not only for the involved parties.
(No, that’s not true
Smart contracts are a substitute for regular diligence practices.
(No, that’s not true
Smart contracts can't be self-executed.
(No, that’s not true
Both parties need to agree on the conditions, following the simple rule "if X happens, then Y happens".
That’s right!

Next

Why is storing information on the blockchain so safe?

Because blockchains are made up of many different nodes, and each node can verify the chain independently.
That’s right!
Because you can do cross-verification with physical documents.
No, that’s not right.
Because, as there is a public record of every transaction, anyone can edit it.
No, that’s not right.
Because you can't access the information unless you have the right key.
No, that’s not right.

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Final

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