GyanGramWith reference to ‘Bitcoins’ sometimes seen in the news, which of the following statements is/are correct? 1.…
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With reference to ‘Bitcoins’ sometimes seen in the news, which of the following statements is/are correct?
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.
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• Correct Answer: B
• Bitcoin is a decentralized cryptocurrency operating on a peer-to-peer blockchain network, not tracked by any central bank.
• Transactions are pseudonymous: wallet addresses enable transfers without revealing real-world identities.
• A is wrong because central banks do not control or track Bitcoin.
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