What is a Cryptocurrency?

in #mgsc6 years ago

What-is-Crypto-Currency_.png

1.Bitcoin is one of the biggest represtation of the cryptocurrency

2. Bitcoin has no central authority
- No government or involved

3. 21 Million Bitcoin will be created, and or mined.

A form of currency based on mathematics alone.Instead of fiat currency,Which is printed,cryptocurrency is produced by solving mathematical problems based on cryptography.

Digital currency or digital money is an internet-based medium of exchange distinct from physical (such as banknotes) that exhibits properties similar to physical currency, but allows for instantaneous transactions and borderless transfer-of-ownership.

Cryptocurrency - A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer, operating independently of a central bank.

The first cryptocurrency to be created was bitcoin back in 2009.Today there are hundreds of other cryptocurrencies, ooften referred to as Altcoins.

Thanks For Reading
@akashdas29196

Sort:  

@akashdas29196, thank you for supporting @steemitboard as a witness.

Here is a small present to show our gratitude
Click on the badge to view your Board of Honor.

Once again, thanks for your support!

Do not miss the last post from @steemitboard!