Timeline – scholareum

scholareum posted an update
3 weeks, 6 days ago

What is a ‘hot wallet’?
A) A physical wallet for cash
B) A digital wallet connected to the internet
C) A type of cryptocurrency
D) A banking service

Answer: B) A digital wallet connected to the internet
Explanation: A hot wallet is an online wallet that stores cryptocurrency and is connected to the internet.

1 Comment
- scholareum
  replied 3 weeks, 6 days ago
  
  What is a ‘cold wallet’?
  A) A digital wallet connected to the internet
  B) A physical wallet for cash
  C) An offline wallet for storing cryptocurrency securely
  D) A type of cryptocurrency
  
  Answer: C) An offline wallet for storing cryptocurrency securely
  Explanation: A cold wallet is an offline wallet that provides enhanced security by keeping cryptocurrency away from online threats.
  
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