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What is cryptocurrency?

  • Thread starter Thread starter Yaqoob Habib
  • Start date Start date
We have to understand that digital currency is quite different from cryptocurrency because in digital currency we are talking about a country's currency in a digital form like the Chinese Digital yuan.. whereas cryptocurrency is bitcoins and others
 
Crpytocurrencies have come to stay as they've opened up the way for transactions to be made securely and quickly as well.
They've opened up a great avenue for people to participate and make money too as well.
 
Cryptocurrency is a digital currency and you could make use of it for trading since it could as well contribute more to your asset gainsif you invest properly and also know how to trade very well no doubt about that
 
Cryptocurrency marketing is a type of digital marketing. It's a means for someone to sell and buy coins at the same time. you can benefit from it as well. There are various coins, such as bitcoin, litecoin, and etherium, that we can trade with one another.
 
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.v
 
greenie said:
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.v
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You do not need to do this as in Coinpayments you can pay in litecoin while the transaction is in dogecoin or even on Coinbase the same being debited in bitcoin cash while the transaction in ethereum.
 
Yaqoob Habib said:
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.
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Hmmm, many are really into this but don't know much or even anything about it. I am also yet to make necessary research about this so as to know more about it. So far so good, it has come to stay and we will continue to benefit from it
 
Sotherefore said:
We have to understand that digital currency is quite different from cryptocurrency because in digital currency we are talking about a country's currency in a digital form like the Chinese Digital yuan.. whereas cryptocurrency is bitcoins and others
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Both of them still operate using the blockchain technology just that in a stable digital currency a lot of measures will be made to make sure that they have the same price as that of the local country currency's value.
 
Sincerem said:
Both of them still operate using the blockchain technology just that in a stable digital currency a lot of measures will be made to make sure that they have the same price as that of the local country currency's value.
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Yea, I know. Cryptocurrency is a whole lot of complicated process that if you want to understand everything you just have to study it to understand how it work and how it was created. It will be much more helpful to people that are interested to invent their own cryptocurrency in the future.
 
To me, cryptocurrency is just a system in which you can be able to transfer money from one place to another without having to go through a central authority like a bank.
 
The explanation was very concise and straight forward. Cryptocurrency is kind of currency that offer a kind protection. Nobody can track the money in your account and you can transfer the a protected chain.
 
Cryptocurrency is a decentralized technology that was purposely design to offer encrypted transaction. Because of this it would be difficult to track. Another greatest advantage of cryptocurrency is increase in value as demand increases.
 
Yaqoob Habib said:
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.
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Cryptocurrency is a digital currency operating on a decentralized blockchain network which is rising in popularity and can be used to conduct financial transactions of all types. Some examples of cryptocurrencies are Litecoin, Ethereum, and last but definitely not least Bitcoin.
 
You've really given a detailed explanation about crypto currencies. Most people want to invest in crypto currencies simply because they heard it's very profitable. They don't even know what it is all about.
 
Anyone interested in learning about and becoming comfortable with bitcoin should read this. It is imperative to comprehend how virtual currency functions while there is still time since, in my opinion, it will eventually become a necessity for every single person.
 
Thanks for the beautiful explanation. Inasmuch as cryptocurrency is completely encrypted with cryptography , don't you think future technology might make it possible for it's to be double spend ?
 
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.
 
Yaqoob Habib said:
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.
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Cryptocurency is a digital virtual money that is use to carry out transactions seamlessly and its pages or ledger is in pages or ledger linked together making it difficult to break its chain.
 
Sincerem said:
Both of them still operate using the blockchain technology just that in a stable digital currency a lot of measures will be made to make sure that they have the same price as that of the local country currency's value.
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I think about cryptocurrencies as a great way to send and receive coins in the form of money. They are an excellent alternative of many payment processors like PayPal.
 
Good-Person said:
I think about cryptocurrencies as a great way to send and receive coins in the form of money. They are an excellent alternative of many payment processors like PayPal.
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A lot of countries except few has enable cryptocurrencies meaning that citizens can accept cryptocurrency as a payment method and withdraw directly to their bank account without experiencing difficulties like we does here.
 
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