Cyptocurrency

in cryptocurrency •  7 years ago 

Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.

The first cryptocurrency was bitcoin, which was created in 2009 and is still the best known. There has been a proliferation of cryptocurrencies in the past decade and there are now more than 1,000 available on the internet. It decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank.

Cryptocurrencies are known for being secure and providing a level of anonymity. Transactions in them cannot be faked or reversed and there tend to be low fees, making it more reliable than conventional currency.

They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders. As a new form of cash, the cryptocurrency markets have been known to boom suddenly, meaning a small investment can become a large sum over night.

I have a platform that makes it easy to transact.

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