Money, cryptocurrency ,evolution of money into cryptocurrency and the Blockchain...WEEK 2

in #italy4 years ago

What is cryptocurrency?

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Cryptocurrency is made up of two words cryptography and currency , cryptography is a way of providing secrecy to data while currency is a generally accepted means of exchange, a store of value and a unit of account .
Cryptocurrency are digital assets which can be transferred from person A to person B across borders at the speed of a text message
Unlike the dollar ,euro , pounds cryptocurrency is not managed by banks instead they are managed by you and i in a decentralised network , its begs a question ,if i send cryptocurrency to a friend in Canada how will he confirm the payment? Its simple the transaction are stored and confirmed on the Blockchain

The first and most popular crypto is the Bitcoin (btc) , there are a whole lot of other crypto which of course steem and sbd is included, they all have been created to solve alot of problem , remember 2020 right it was a year to be remembered, during lockdown people's interests in cryptocurrency grew as it solves alot of issues, example is direct contact with money itself, fast transaction and wider range of transaction...today the price of most crypto is on the rise steem included , because its acceptability and demand is getting higher daily...

...THANKS FOR READING...you can comment with you observations and feedbacks...

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