What is cryptocurrency?

[Yaqoob Habib]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

 

[iamgroot]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

This is a must read for those who wants to know and familiarize cryptocurrency. For me I am seeing this as the future currency in which it will become an essential to every single person, thats why while it is still have time, it is a must to understand how virtual currency works.

 

[Taimoor Jutt]

Yes right though, ctypto currency is consists of almost 4000 coins, like BTC,XRP,LTC ETH we are familiar in some of top listed coins, like BTC,LTC,LTC. It is now become most popular. Millions of people are investing in it because of it's huge volatility factor. As BTC increased 25% of it's valye in just less than 1 month and now decreased in just a week 10% anyways this is next big thing in WORLD.

 

[Dubai]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

Exactly! You said it about crypto currency. Just to add that many of the features you described about crypto currencies is why it is difficult to liquidate them. Also, these features make is stronger in value than the regular FAIT money. Finally, you do not need to go to bank to open a crypto account. A wallet is used for that.

 

[Rashid]

Yes true facts about Crypto Currency. It is now become highly used investment place, where a lot people invest daily and withdraw daily. In this some one can invest either long time or short time. Attraction of crypto is all about its changing price every second. We nsmed it volatility. Top of the list is BTC , ETH,XRP so Lite coin is no 5 . This is famous for investment.

 

[ranaabubakar263]

Cryptocurrency is a digital marketing. It is a way in which a person can sell and buy coins together. and can also benefit from it. There are many coins like bitcoin,litecoin,etherium etc we can trade by these coins to each other.

 

[Nurudeen]

Crypto currency is a Digital currency means of exchange that doesn't know individual for using paper money or Fiat money. This was introduced in 2009 and it first started with Bitcoin. However, a lot of people thought it is a scam just like other program but today they are blaming themselves for not starting early

 

[Adetayo100]

cryptocurrency is a digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger enforced by a disparate network of computers, they can be stored in vitual wallet.

 

[Bilal0087]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

Simply cryptocurrency is a digital type of currency by which a person can make transactions in seconds all over the world.
And in the future cryptocurrency will be implemented all over the world for easy, fast and reliable transections.

 

[Hasan Raza]

Yes with all this some more points here regarding exchange and recording.A cryptocurrency (or crypto currency or crypto for short) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership

 

[Abbas ali]

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

 

[Bart Simpson]

Cryptocurrency is a digital marketing. It is a way in which a person can sell and buy coins together. and can also benefit from it. There are many coins like bitcoin,litecoin,etherium etc we can trade by these coins to each other.

 

[Josemendez]

Cryptocurrency are digital currency built on blockchain that offers people an opportunity to make money by having them in their wallet. This is made possible because cryptocurrency is highly volatile ,and this volatility makes it tradeable .

 

[Yanizie]

Cryptocurrency is a digital money from blockchain technology, It is a decentralize money where no government or individuals can issue that currency. It is also more secured in terms of transaction security than existing program today.

 

[Thosynho]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

Crypto currency is a digital currency that uses blockchain. Unlike the fiat money that can be held inform paper or coin for transactions and exchange of goods and services, crypto currency is digital and volatile. It is also acceptable for transactions.

 

[HassanRaza]

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

 

[Abibatabosede]

Crypto currency is a digital currency in which a person can purchase without used notes. It was amalgamated in the year 2009. Also it is mostly used today for transaction and there are lots of coins that can be purchased online like Etherium, bitcoin, trons.

 

[Damscooguns73]

Concerning what is cryptocurrency. well, cryptocurrency is a digital currency which is built on blockchain and secured by cryptography. A cryptocurrency has a wallet called cryptocurrency wallet of different names just like we have different bank names but all serve the same purpose for saving, receiving, and trading

 

[Donolatunji]

A digital currency (or "crypto") is an advanced money that can be utilized to purchase products and ventures, however utilizes an online record with solid cryptography to make sure about online exchanges. A significant part of the interest in these unregulated monetary standards is to exchange for benefit, with examiners on occasion driving costs upward.

 

[Shahid Abbas]

A cryptocurrency is a digital or virtual currency that is secured by cryptography,which makes it imposible to counterfeit or double-spend.Many cryptocurrences are decenterlized naturally issued on blockchain technology-a distributed on ledger enforced by a disparate network of computers,A defination feature of cryptocurrences is that they are normly not issued by any central authority,rendering then theoretically immune to goverment interferance or manipulation.

This is a very good article that written about crypto currency, people who want to know about cryptocurrencies, then they must need to read this article, they will get a lot of information, crypto currency has become a very big digital project.