Home Monero What is Cryptocurrency? – Security Boulevard

What is Cryptocurrency? – Security Boulevard

1 min read
Comments Off on What is Cryptocurrency? – Security Boulevard

What is Cryptocurrency?

Cryptocurrency is finest considered a digital forex that solely exists on computer systems. It’s transferred between friends (there isn’t any intermediary like a financial institution). Transactions are then recorded on a digital public ledger known as the “blockchain”.

Transaction knowledge and the ledger are encrypted utilizing cryptography. That’s the reason it’s known as “crypto” “forex”.

Cryptocurrency Foremost Options

Let’s dig into how cryptocurrency works.

Decentralized and Distributed

Cryptocurrencies are decentralized and distributed.

Continue reading What is Cryptocurrency? at Sucuri Blog.

*** This can be a Safety Bloggers Community syndicated weblog from Sucuri Blog authored by Stephen Johnston. Learn the unique put up at: https://blog.sucuri.net/2021/09/what-is-cryptocurrency.html

Source link

Comments are closed.

Check Also

Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows

The cryptocurrency market is abuzz on Oct. 25 because the sight of a number of altcoins hi…