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Thread: What is cryptocurrency?

  1. #1
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    Default What is cryptocurrency?

    What is cryptocurrency?

  2. #2
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    Default Re: What is cryptocurrency?

    Quote Originally Posted by Kim4 View Post
    What is cryptocurrency?
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  3. #3
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    Default Re: What is cryptocurrency?

    . A cryptocurrency is a digital currency created and stored electronically in blockchains.

    2. It uses encryption techniques to control creation of monetary units and to verify the transfer of funds. Hence it is very secure.

    3. It has no physical form but now because of BOOM in the sector it is redeemable in another commodity like gold.

    4. Its supply is not determined by any central bank or authority and the network is completely decentralised.

    5. Bitcoin, Ripple, Litecoin and Ethereum are examples of cryptocurrencies.

    6. And the most important thing is cryptocurrency is the best way to invade taxation.

  4. #4
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    Default Re: What is cryptocurrency?

    Good question! It a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

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