How does Cryptocurrency Market Work?

Question

Being someone who is interested to become an investor in cryptocurrency, and knowing the fact that these are not backed by central authorities, I would like to know, how does the cryptocurrency market work?

in progress 0
Delta 3 months 1 Answer 67 views 0

Answer ( 1 )

  1. Alex

    Unlike traditional currencies, cryptocurrencies exist only as a shared digital record of ownership, stored on a blockchain. When a user wants to send cryptocurrency units to another user, they send it to that user’s digital wallet. The transaction isn’t considered final until it has been verified and added to the blockchain through a process called mining. This is also how new cryptocurrency tokens are usually created.

Leave an answer

Browse
Browse

By asking your question, you agree to the terms of service and Privacy Policy.