What is Cryptocurrency
Must Know
A cryptocurrency (or crypto currency ) is a digital asset
designed to work as a medium of exchange that uses strong
cryptography to secure financial transactions, control the
creation of additional units, and verify the transfer of assets.
Cryptocurrencies are a kind of alternative currency and
digital currency (of which virtual currency is a subset).
Cryptocurrencies use decentralized control as opposed to
centralized digital currency and central banking systems.
The decentralized control of each cryptocurrency works through
distributed ledger technology, typically a blockchain, that serves
as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized
cryptocurrency.
Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or
other cryptocurrencies) have been created.
Created at 2019-01-05 15:08
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