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in cryptocurrency •  7 years ago  (edited)

What is cryptocurrency ?

If you a new user and don't know much about cryptocurrency and if my post pop up to you

(This what I say in informal way)
Cryptocurrency is a digital currency which is secured by cryptography(coding ,it's use is on security so it suites to cryptocurrency security ) to its transactions, verification of transfer assets and to avoid creation of a copy of same unit.It uses the new system called blockchain as decentralized way means no bank's and other financial institutions, its you send cryptocurrency to any other person in the world using blockchain function as a distributed ledger.

(This what search says ) A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://en.wikipedia.org/wiki/Cryptocurrency

  ·  7 years ago (edited)

I Just wanted to let know more people about cryptocurrency