cryptocurrency
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| cryptocurrency |
What is cryptocurrency?
Answer -
A type of digital currency in which encryption techniques are used to regulate generation of unit of currency and verify the transfer of fund operating independently of a central bank.
Bitcoin has become a hot commodity among speculators.
unit of Bitcoin can be used for online transaction between individuals
How it's work ?
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| cryptocurrency |
Answer -
A cryptocurrency (or crypto currency) is a digidig assets designed to work as a medium of exchange peer to peer 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)
What Technology use in cryptocurrency ?
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| Cryptocurrency |
Answer -
The decentralized control of each cryptocurrency works through distributed ledger type technology, typically a block chain , that serves as a public financial transaction database.
Cryptocurrencies use decentralised control as opposed to centralized digital currency and central banking systems.
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