What is Cryptocurrency?

Question

I am Interested in cryptocurrency and want to know about it. My question is to know what is Cryptocurrency in simple words?

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Moris Johnsons 3 months 1 Answer 53 views 0

Answer ( 1 )

  1. Alex

    Cryptocurrency is a common medium of exchange on internet, that utilises cryptographical functions for conducting financial transactions. The first cryptocurrency was invented by a group named Satoshi Nakamoto in the year 2009

    The ownership records of cryptocurrency holders are maintained in a public ledger called blockchain. It is also not subject to government interferance.

    The transactions in cryptocurrencies can be easily processed across globe with a minimum processing fees.

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