# Assessment 1

#### What are some key features of the purely peer-to-peer version of electronic cash introduced by Satoshi Nakamoto? (Choose ALL that apply)

* [x] It allows online payments to be sent directly from one party to another without the need for a financial institution.
* [x] It fundamentally alters the traditional banking model.
* [ ] It requires a trusted third party for transactions.
* [ ] It limits the number of peers involved in transactions.

**Note to Learners**

A purely peer-to-peer version of electronic cash allows online payments to be sent directly from one party to another without the need for a financial institution. This revolutionary concept... fundamentally alters the traditional banking model.


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