What is the Value of Cryptocurrencies? Answering your Questions

in cryptocurrency •  4 months ago

The value of cryptocurrencies is the underlying technology called “blockchain”. Blockchain technology allows people who don’t know each other or have any connections whatsoever to still be able to trust each other’s transactions. For more info on blockchain technology check out this post.

Not only do we not have to trust the people that we transact with but we also don’t have to trust a central bank. Cryptocurrencies are (usually) open source which means that anyone can look at the code for themselves. This means that you can know exactly how the cryptocurrency is supposed to work without trusting a company, government, or anyone.

Thanks for your question! If you have any questions for me let me know in the comments, if I answer your question in a post, you will get half of that post's rewards!

Use the tag "solvemyworld" in your posts about solutions to problems, life hacks, tips or advice for a better life. When you do, I'll give you a free upvote!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!