What is cryptocurrency and how it works?
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. ... Cryptocurrency is stored in digital wallets. Cryptocurrency received its name because it uses encryption to verify transactions.
What is the main purpose of cryptocurrency?
The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders' hands. All of the cryptocurrencies adhere to the 5 properties and 3 functions of money. They each also attempt to solve one or more real-world problems.
No comments:
Post a Comment