Bitcoin is the subject of the Transition to the University in the Netherlands

Bitcoin is the subject of the Transition to the University in the Netherlands
Bitcoin is the subject of the Transition to the University in the Netherlands

Bitcoin may have gotten thousands of fans in the near future. The Bitcoin question was unexpectedly included in the higher education transition examination in the Netherlands, which was introduced by some 200,000 people. The students were informed about what Bitcoin is and how it was produced.

The Bitcoin theme questionnaire in the Netherlands Higher Education Transition Exam is as follows:

Bitcoin is an online digital currency. Bitcoin, which was launched on January 1, 2009, is being used as a digital payment method on the internet. It is not the same as traditional currencies printed by central banks. Instead, the result of solving certain algorithms with computers is produced. Anyone can produce Bitcoin over the computer. The computer user who solves the problem in the algorithm will have 25 Bitcoins as the reward. In 2014, a problem was resolved in 10 minutes. That means 25 new bitcoins were produced every ten minutes that year. On January 1, approximately 12.2 million bitcoins were produced.

In the exam, students were asked to answer 5 questions out of this paragraph. Here are some examples from the questions:

1-) When will the bitcoin block award fall below 1 Bitcoin?

2-) When will the 18 millionth Bitcoin be produced?

3-) Find the total amount of Bitcoin that may be in circulation?

The Bitcoin question in the transition test to the university was asked after the Netherlands formally recognized Bitcoin. In March of this year, a case involving Bitcoin mining in the Supreme Court of Amsterdam, Bitcoin’s property value carries was in his decision. The court ruled that Bitcoin could be transferred because it represented a value.

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