What is cryptocurrency?

[ahmedo24]

I think crypto currency is just like a digital currency that can fluctuates both upward and downward and you earn some certain profit when you trade them , because they usually fluctuates, and some of the cryptocurrency i think is bitcoin , litecoin, ethereum and others , so this are some of the crypto currency i actually make use of and you can trade them

The digital coin is divided into stable coins and Crypto coins so not all digital coins are decentralized. In my opinion it is good to have both the stable and Crypto coins because they are both important for both Investors and traders

 

[lelakil3]

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.

Thank you for the information on what is cryptocurrency and how it works, it is secured by cryptograph that's why it not duplicated/counterfeit and so double-spend in it can you tell us about the blockchain technology ?

 

[Omonijo01]

Article easily trend when it's all about what people want to know. Everyone want to know about crypto currency

 

[ossai]

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.

 

[btaliat]

The poster has written an articulate article that can serve as a guide to the newbies in cryptocurrency. When it first started in 2009, no one knows it will be as this popular. Now, cryptocurrencies have now produced billionaires and even some billionaires are investing in it.

 

[Hammad1245]

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.

Yes you are right.. It is the digital currency. And it is managed without the interference of government. It is managed by a a number of computers and its value increases when the investment of people in a specific crypto coin increases.

 

[abubakar3141]

Cryptocurrencies allow you to buy goods and services, or trade for profit. Here's some more information on what cryptocurrency is, how to buy it, and how to save yourself. Here's more about what cryptocurrency is, how to buy it, and how to save yourself.

 

[Kehinde]

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.

 

[Sotherefore]

A cryptocurrency is a digital currency that you cannot touch and you cannot see it physically and you can only have it in your wallet and you can use it to do online transaction like buying and selling and you can even convert it to your physical cash in some cryptocurrency wallet.

 

[abubakar3141]

Cryptocurrency is a type of payment that can be exchanged online for goods and services. Many companies have issued their own currency, often called tokens, and these companies can be sold for very good or services. Think of them as if you were making arcade tokens or casino chips. You will need to exchange real currency for cryptocurrency in order to access good or service.

Cryptocurrencies operate using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its safety.

 

[Aqkhan]

Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money that is carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database that describe specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. You store your cryptocurrency in a digital wallet.

 

[Judee201]

Cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known cryptocurrencies like bitcoin work. First, let’s review the basics and essentials of cryptocurrency, and then we will do an overview of the other properties that have made cryptocurrency what it is today.

 

[Folaham]

All I know it to be is virtual currency. How it works, who controls it, which or what app can I trust, who or where is the secure source of learning the true meaning and functionality of it becomes my headache and I am yet to commit anything to it as I am trying to see the legality of it in my country

 

[Muhammad Shoaib]

Social media is more good than email for advertising things, mostly people or you can say Rather a few of nobody see their emails so it won't give you enough markeet like social media, so i will preferred social media for well profit.

 

[Akinwale701]

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.

Thank you for providing us with the definition of Cryptocurrency, but for the sake of those who are totally new to what Cryptocurrency is all about. I would have appreciated this the more if you could give us more insight into that original, advantages, and disadvantages of Cryptocurrency. Thank you once again.

 

[Muhammad Shoaib]

Cryptocurrency is digital money. That means there's no physical coin or bill — it's all online. ... You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.

 

[Kiko]

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. A 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 is otherwise known as digital asset. They are asset data stored buy encrypted calligraphy and are transacted through a technology known as Blockchain Technology. The aim of creating this cryptocurrency is for it to one day serve as the payment asset.

 

[Nomad]

When Bitcoin and later Litecoin and Ripple were launched, crypto currencies were mainly used as a payment form, but these days crupto currencies have evolved as digital asset

 

[Aaron625]

Cryptocurrency is decentralized digital currency which can't be regulated by the government. The first crypto to be invented was Bitcoin on 2008 by Satoshi Nakamoto. Cryptocurrency is getting more trending nowadays because there is a very good chance to make profit by trading them wisely.