Jessica is shopping for a computer on Amazon (cost R10 000), and she sees that they...

 

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Jessica is shopping for a computer on Amazon (cost R10 000), and she sees that they accept payment with bitcoin (R10 000 = 0.03 BTC). Jessica currently has 1.3 BTC in her virtual wallet. a) Once she selects "bitcoin payment", explain in your own words, the processes that happen "behind the scenes" to enable her to actually pay for the computer using her bitcoin. (Note: no diagrams are required here, provide a written response only) (10 marks) b) If Jessica decides a week later that she wants to return the laptop to Amazon, and get her money (in this case, BTC) back, is this possible? If yes, how will this be done? (2 marks) c) Discuss 2 advantages and 2 disadvantages of using BTC for transactions like this (ie. Purchasing goods or services) (8 marks) Jessica is shopping for a computer on Amazon (cost R10 000), and she sees that they accept payment with bitcoin (R10 000 = 0.03 BTC). Jessica currently has 1.3 BTC in her virtual wallet. a) Once she selects "bitcoin payment", explain in your own words, the processes that happen "behind the scenes" to enable her to actually pay for the computer using her bitcoin. (Note: no diagrams are required here, provide a written response only) (10 marks) b) If Jessica decides a week later that she wants to return the laptop to Amazon, and get her money (in this case, BTC) back, is this possible? If yes, how will this be done? (2 marks) c) Discuss 2 advantages and 2 disadvantages of using BTC for transactions like this (ie. Purchasing goods or services) (8 marks)