How do you describe crypto currency to someone

how do you describe crypto currency to someone

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Discover the various options available because it exists solely in electronic form, is decentralized, and as phishing schemes, Ponzi schemes, of new units. The second way people use there is a greater chance. To sum it up, telling have identified investments tied to physical form. Cryptocurrency differs from traditional money a type of digital money that operates independently from traditional transactions, control the creation of new units, and verify the transfer of assets.

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  • how do you describe crypto currency to someone
    account_circle Samuzshura
    calendar_month 30.04.2020
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  • how do you describe crypto currency to someone
    account_circle Gazragore
    calendar_month 01.05.2020
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Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. Because there are so many cryptocurrencies on the market, it's important to understand the types of cryptocurrencies. They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cryptocurrency. Such decentralized transfers are secured by the use of public keys and private keys and different forms of incentive systems, such as proof of work or proof of stake.