What Is Cryptocurrency?

in dsound •  last year 

This is one of the most frequently asked questions out there. What is cryptocurrency?

To make it simple, cryptocurrency is a digital version of money where the transactions are done online.

A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but designed for the purpose of exchanging digital information through a process known as cryptography.

The first ever-successful cryptocurrency emerged from the invention of Bitcoin, by Satoshi Nakamoto. This was then followed by the birth of other types of crytocurrencies competing against Bitcoin.

To learn more about Cyrptocurrency, you can join free the Bitcoin Wealth Club where there are lots of videos to learn from.

► Listen on DSound
► Listen from source (IPFS)
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!