Question 10 3 points Bitcoins are created by Below ground go

Question 10 (3 points) Bitcoins are created by Below ground gold mining operations in Arizona. O The Federal Reserve. A computer algorithm. The U.S. Treasury.

Solution

Bitcoins are created by a computer algorithm.

Bitcoins is a type of crypto currency, or digital currency, it is regarded as the evolution of the electronic currencies like debit cards, plastic money etc. Bitcoins can be earned by soving big mathematical algorithms using supercomputers or it can be purchased by exchanging dollars. The most negative thing about bitcoins is that, there is no controling or supervising authority administring this crytocurrency, thus many countries worldwide had banned use of bitcoins, it uses a technology called blockchain mechanism which is admired for its higher security and data protection. Many economists refer bitcoins as a scam, also it act as a hub for black marketing, terrorist funding, tax evasion etc.

Thus, all other options are wrong, neither it is created by FED Reserve, or US Treasury, nor it is a gold mine in Arizona.