A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a digital ledger or computerized database using strong cryptography to secure transaction record entries, to control the creation of additional digital coin records, and to verify the transfer of coin ownership.
It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Some cryptocurrencies use decentralised control as opposed to centralized digital currency and central banking systems.
When a cryptocurrency is minted or created prior to issuance or held on a centralized exchange, it is generally considered centralized.
When implemented with decentralized control, each cryptocurrency works through distribute ledger technology, typically a blockchain, that serves as a public financial transaction database.
It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Some cryptocurrencies use decentralised control as opposed to centralized digital currency and central banking systems.
When a cryptocurrency is minted or created prior to issuance or held on a centralized exchange, it is generally considered centralized.
When implemented with decentralized control, each cryptocurrency works through distribute ledger technology, typically a blockchain, that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency.
Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
Now you have to be careful before you join any Cryptocurrency website this days before this year many website have closed without minding those who invested with them.
If you don't know scammers are now creating fake Cryptocurrency website because the currency exchange is higher.
This one just came in some days ago and registration fee is N12,000 and so many people are joining without being sure of,and many are joining because of those that introduce the business to them.
Why is 1 dollar startup website is not available till this moment am typing this?
The situation of this country can make you loose the little amount you have.
Don't invest on something without real confirmation.
Thanks for reading.
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