what is cryptocurrency?
what is cryptocurrency?
is it a 21st-century unicorn – or the money of the future?
In this blog or article i'll be introduce you or explain you the most important thing about cryptocurrencies.After you this article or blog, you will be know more than most of the other's people's know about the cryptocurrencies.
A cryptocurrency is a digital coin or a virtual currency And It is designed to work for a medium of exchage.It Used To secure the cryptography and verify transactions to control units of a particular cryptocurrency.
There was many attempts at creating a digital currency during the 90s tech boom, with systems like Flooz,and DigiCash emerging on the market but inevitably failing.There was many kind of different reasons for their failures, such as fraud, financial problems etc.
Then, in early 2009, a group of programmers under an alias Satoshi Nakamoto introduced Bitcoin.The he described it as ‘peer-to-peer electronic cash system and It is completely decentralized it means there are no central controlling authority or any kind of servers involved.In the decentralized network like Bitcoin, every single participant needs to do there own job.Blockchain is a public ledger of all transaction that ever happened within the network, available to everyone and veryone on this network they can see there every account’s balance.Within a cryptocurrency network, only miners can confirm transactions by solving a cryptographic puzzle.
Cryptocurrencies are so called because the consensus-keeping process is ensured with strong cryptography.
there was a many marketplaces like Bitify and OpenBazaar that only accept cryptocurrencies.
If you liked my article please leave a upvote and comment if you have any question...and also don't forget to follow me at......@rejwanahmed2