1
Q
What is bitcoin?
A
- Open source
- Decentralized payment
- Peer-to-peer environment
- No centralized authority
2
Q
What are the benefits of bitcoin?
A
- No middleman
- Micro-payments
- International payment transfer
3
Q
What are six challenges for bitcoin?
A
- Consumer benefit needs to be stronger
- Reputation problem
- Security concerns
- How to regulate
- Volatility
- Increasing transaction volume
4
Q
What is a blockchain?
A
A cryptographically protected distributed ledger
BIM Mid-Term
flashcards
Decks in class (11)
# Cards
-
Lecture 1: Introduction2
-
Lecture 2: Coding Essentials Using R0
-
Lecture 3: Technological Foundations and Modern IT Infra10
-
Lecture 4: Digitization and Competitive Advantage16
-
Lecture 5: Business Process Modeling9
-
Summary B: Concepts and Frameworks for Strategy and Technology7
-
Summary C&D: Zara and Netflix Case13
-
Summary E: Moore's Law7
-
Summary F: Bitcoin4
-
Summary Etc6
-
Learning Outcomes26
