Crytocurrency and Bitcoins

A cryptocurrency (or crypto currency) 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.It is becoming hazardous in a way so soon that the steem dollar[crypto] is giving the BTC a gap in the race of altcoins.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created.These are frequently called altcoins, as a blend of alternative coin.

Like it or not the steem dollar (SBD) will reach the top.Cheers to steemit as it helps in the rising of SBD to the top.STEEMIT.