In contrast to currencies that have been declared to be a legal tender by a nation's government, in case of cryptocurrencies, _____.
A) no one institution controls the currency
B) currency prices remain constant as supply and demand fluctuate
C) no value is stored in the currency
D) currency ownership is backed by the government

Question

Quizplus · Accepted Answer

Cryptocurrencies operate on decentralized networks based on blockchain technology, meaning no single institution controls the currency. This contrasts with traditional currencies, which are regulated by national governments or central banks.

In Contrast to Currencies That Have Been Declared to Be