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Showing posts from November, 2022

What's cryptocurrency?

  What's cryptocurrency?   Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its deals, to control the creation of fresh units, and to corroborate the transfer of means.  Cryptocurrencies use decentralized control as opposed to centralized electronic plutocrat and central banking systems. This means that the cryptocurrency system isn't governed by any institution or government and it's" reliant on software development by an open network of inventors".    Cryptocurrency is a type of digital currency that isn't controlled by any government. All deals are done through blockchain, which is a public tally.  Cryptocurrencies can take numerous forms, similar as bitcoin, litecoin and ethereum.   Each cryptocurrency has its own rules and protocol in how it can be generated and how deals take place. Bitcoin, for illustration, does not use the alphabetical system when making deals.  Cryptoc...