What exactly is cryptomoeda?

in cripton •  2 years ago 

What exactly is cryptomoeda?
Criptomoeda is a digital payment system that does not rely on banks to verify and confirm transactions. It is a point-to-point system that allows anyone to send and receive payments from anywhere. Rather than physical money being transported and traded in the real world, cryptocurrency payments exist only as digital values in an online data bank that records specific transactions. When transferring cryptocurrency funds, the transactions are recorded in a public accounting book. The cryptomoeda is stored on digital cards.

The term "cryptomoeda" refers to the use of cryptographic resources to verify transactions. This means that advanced cryptographic encryption is used in the storage and transmission of data between cards and books.

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