What IS CRYPTOCURRENCY

badmus-official (75)in #cryptocurrency • 5 years ago

WHAT IS CRYPTOCURRENCY

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

So What am I really saying

Cryptocurrency?

Cryptocurrency is a virtual currency that works to exchange goods and services through a system where electronic transfers are made without needing an intermediary.

They incorporate principles of cryptography to implement a safe, anonymous and decentralized economy.

Who created Cryptocurrency?

Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.