what is cryptocurrency?

[Tariq Shehzad]

A digital currency is a computerized or virtual money that is made sure about by cryptocurrency, which makes it almost difficult to fake or twofold spend. Numerous digital forms of money are decentralized organizations dependent on square chain innovation a dispersed record authorized by a different organization of PCs. A characterizing highlight of digital currencies is that they are for the most part not gave by any focal power, delivering them hypothetically insusceptible to government impedance or control.

 

[Eren Jaeger]

Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore.

 

[Tundeoguns1]

What is crypto currency. To me crypto currency is a digital or virtual or even internet currency or even money. Which is use to buy goods and services and what's makes it special is that the currency itself can be traded. And now there is alot of crypto currency like Bitcoin,litecoin,etherium etc

 

[Caali]

Let's break the term into two: crypto and currency.

Now, we know that currency is a form of money that serves as the commonly accepted medium of exchange. That is, you can give currency and expect to receive a certain good/service in return.

 

[Tariq Nazir]

To me crypto currency is a digital or virtual or even internet currency or even money. Which is use to buy goods and services and what's makes it special is that the currency itself can be traded. And now there is alot of crypto currency like bitcoin

 

[Sarfraz Ali123]

Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after Bitcoin are collectively called altcoins.

 

[Bilal0087]

A digital currency is a computerized or virtual money that is made sure about by cryptocurrency, which makes it almost difficult to fake or twofold spend. Numerous digital forms of money are decentralized organizations dependent on square chain innovation a dispersed record authorized by a different organization of PCs. A characterizing highlight of digital currencies is that they are for the most part not gave by any focal power, delivering them hypothetically insusceptible to government impedance or control.

Cryptocurrency is a digital type of currency which have no physical existence, it is only digits on your device or computer.
You can buy things, do investment or trading all over the world within limited time.

 

[Nurudeen]

In your own language you have just defined what crypto currency exchange Business is and that just what it is. So for me it's just a digital coin unlike Fiat currency where Investors can keep their money without having to visit the bank or make some transfer. Crypto currency was launched with a block chain system for easy decentralization

 

[Royalty]

cryptocurrency is a medium of exchange that is digital, encrypted and decentralized. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.

 

[Ralphjoe]

Cryptocurrency are encrypted calligraphy that uses blockchain technology to store and process it various transactions. They're are mostly called digital assets because they only exist in the memory of your computers and phones but they can't be physical. They were actually established as a medium of payment but most of them later got to be used as an asset that one can invest into because of their volatile price rate.

 

[Nomad]

Even though crypto currencies were created as a decentralized monetary system, it has not been divided into centralized monetary system and decentralized monetary system.

 

[Aaron625]

Cryptocurrencies are digital currencies or coins which are decentralized in nature. They have their own blockchain and work accordingly. For example , bitcoin blockchain is based on proof of work ,whereas BNB is based on proof of stake.

 

[Kelly5]

Cryptocurrencies are digital assets in the form of digital money stored in digital wallets as well as physical wallets. The Bitcoin is the first cryptocurrency ever made and is the most popular cryptocurrency known

 

[Snazzy001]

I'm still surprised we are going to answer this very question in this platform. Is it possible for anyone to work in this platform and not know what cryptocurrency is?

 

[eLdavis]

Crypto currency simply put is a a digital or visual currency that cannot be seen or even touched physically, that is used in buying and selling of goods online. They are called crypto currency because they have been encrypted to make transactions untraceable.

 

[Mostee501]

From my point of view cryptocurrency can be described as digital currency which can be used to perform diverse operations and also turned into fiat currency.

 

[kayode10]

Cryptocurrency is a digital currency which is decentralized for the benefits of users. Cryptocurrency is created to facilitate easy transaction across the boarder around the world. Bitcoin is the major assets among the cryptocurrency.

 

[Dowenship]

A digital currency is a computerized or virtual money that is made sure about by cryptocurrency, which makes it almost difficult to fake or twofold spend. Numerous digital forms of money are decentralized organizations dependent on square chain innovation a dispersed record authorized by a different organization of PCs. A characterizing highlight of digital currencies is that they are for the most part not gave by any focal power, delivering them hypothetically insusceptible to government impedance or control.

Crypto currency apart from the educational background of it, I think crypto currency is the future currency of the coming generation, slick will be acceptable worldwide.

 

[Sotherefore]

It is a decentralized currency that can be use online for transactions across different borders within a short period of time. They are volatile currency in which the demand and supply of it determines the value.