Who Owns Cryptocurrency?

Question

Have heard so much about cryptocurrencies and its processes or investments in the UK and other countries. I’m quite curious to know who is the owner of the cryptocurrency or who owns it?

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James Wayne 1 month 1 Answer 40 views 0

Answer ( 1 )

  1. Summary: Cryptocurrency is a digital asset created to work as a medium of exchange for financial transactions. Some currencies use decentralized controls as opposed to the central authorities. Here the ownership records are stored in a public ledger call blockchain. It is created by an anonymous developer or group called Satoshi Nakamoto.

    Cryptocurrencies are decentralised bodies specifically designed for trading and investment purposes. These are virtual currencies where the ownership records are maintained in blockchain technology. The first cryptocurrency was created in the year 2009 by a developer or group with a pseudonym Satoshi Nakamoto. Although the ownership of the crypto-coins varies from person to person who buys and trades in them.

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