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Friday, October 23, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 9 Problem 4

Which of these are advantages of using the Bitcoin blockchain to generate a cryptographic beacon? (check all that apply)

The beacon outputs random bits at frequent intervalsCorrect
No central authority is neededCorrect
Fresh random bits can be obtained at any desired future timeWrong
The cost to an attacker to manipulate the beacon's output is quantifiableCorrect
Manipulating the beacon output requires 51% mining powerWrong

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