How to create a cryptocurrency - and why

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What is the difference between cryptocurrency and a token?

  2. Which of these statements best describes the 'double spend problem'?

  3. What is blockchain and how is it related to cryptocurrency?

  4. How can cryptocurrency combat corruption?

  5. What does the acronym ICO stand for?

  6. Which of these is not a common reason why people might buy tokens?

  7. Which of these statements most accurately describes why regulation is a particular issue in the case of ICOs?

  8. Why is the 'KYC' approach difficult in the case of initial coin offerings?

  9. Which of these is not a common approach to preparing for an initial coin offering?

  10. Which of these is not really a risk for buyers of tokens?