#RFB-11000895Reading: Fill in the BlanksAcademic,CoreMedium

Cryptocurrencies

Official Question Material
Prep: Varies

Cryptocurrencies emerge from the digital [blank] between various encryption techniques. As many cryptocurrencies were developed during the digital [blank] , one of the components is often a traditional currency, like the US dollar, [blank] the other component is a cryptographic protocol. Typically, one provides the main transactional functionality, and the other ensures security. When cryptocurrencies become mainstream as a [blank] of transaction, they might evolve into a new form of digital asset.

Sample Answer & Audio Transcript

Cryptocurrencies emerge from the digital interaction between various encryption techniques. As many cryptocurrencies were developed during the digital age , one of the components is often a traditional currency, like the US dollar, while the other component is a cryptographic protocol. Typically, one provides the main transactional functionality, and the other ensures security. When cryptocurrencies become mainstream as a mode of transaction, they might evolve into a new form of digital asset.
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