Meanin of cryptocurrency

[Adrian190 238]

 

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit.

[Gana0846 101]

Cryptocurrency is an Internet medium of exchange between two parties and the transaction is carried out in a cryptographic manner. It can also be defined as a decentralized digital money that is based on blockchain technology. Examples include bitcoin, etherum, litcoin, Tron and others.

[Braulio Eurea 720]

Cryptocurrencies are digital or virtual money, they function as decentralized entities and use encryption such as the blockchain for the security and registration of all transactions. In contrast, physical money is centralized because it is issued by the central banks of the countries, this money is a means of payment, accumulates value and is legal tender. All transactions with physical money are legal, which is not the case with cryptocurrencies, which in many countries do not have that character.

[Gabriel3232 199]

Cryptocurrencies or cryptocurrencies are virtual currencies that are based on cryptography (security encryption) to certify transfers or payments for products and services. ... They have decentralized control, contrary to traditional currencies that are dominated by central banks .

[alexis016 193]

Cryptocurrency in my opinion is a digital currency which can be used to make different types of changes in different exchanges, it is also a payment currency for a large number of online stores, in addition to that it can be used in multiple investment projects or Also what is known as trading, buying cryptocurrencies at a low price to later sell them at a higher price.

[DS#SAQii 1114]

Like real money cryptocurrency is also a medium of exchange except it is use for digital platform. It is more like a digital money. It has the same functionality and and characteristics of real money except this can not be touched. You can buy and sell or exchange anything with the cryptocurrency. You can also transfer it nationally or internationally with to any perso and it serves the same purpose of money.

[Ayham7daoud 463]

The future will be for cryptocurrencies, an easier way to exchange and transport safely at low fees away from high bank charges, i think we're going to have a crypto-controlled future.

[Mwangi 5611]

Okay the part I would  love to understand is the crypto part, but the currency and its function part I understand because its just the whole Idea of crypto currency , currency that uses the computer technology to  grow that is how this is , and we need to grow with it , and so to me thats the only way to which this works and nothing else that is to grow with that is how this things go to build a perfect strategy easy to grow with 

[Camilah15! 663]

Cryptocurrency is a  digital currency or asset designed and used as a medium of exchange where individual coin ownership records are stored In a computerized database using strong cryptography to secure transaction records.

[Artugul78 91]

Cryptocurrency means digital currency.  Being a digital currency is a transformational process based online that you cannot take in your hands. This digital currency or cryptocurrency is included.  Coins Bitcoin Litcoin Etherium XRP etc.

[Roman Wickler 1021]

Cryptocurrency is a digital or virtual currency that is secured by cryptography . Which makes it nearly impossible to counterfeit or double spend. Many cryptocurrencies are decentralized network based on blockchain technology. In cryptocurrency you can transfer coin,token to digital wallet.

[Nicole018 4548]

There are many more distinguishing factors that makes cryptocurrency is much more beneficial than the digital currencies. the decentralized system and the fact that it is backed by a blockchain technology without any third party intervention makes it one of the best ways to fund transfer worldwide for users. so next time do not get confused with cryptocurrencies and digital currencies as both are different entirely all day with electronic transfer being a similarity.

[mohamedpc1 2213]

Cryptocurrencies are like regular currencies, but they are not subject to the laws of the global stock exchange, so their price has become extremely high due to their complete freedom to rise and fall, and this is due to demand and supply, but it is very confidential.But it is very confidential, as it is difficult to detect transactions between the two parties as it happens in regular currencies.

[Danial0999 557]

Yes, my friend, and the best thing about cryptocurrencies is that they cannot be counterfeited in this respect, very safe

[Raven 7817]

On 12/4/2020 at 7:01 AM, Adrian190 said:

 

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit.

Crypto currency is a digital currency that you could do to make money online. Crypto currency are now making our jobs easier because it gave as an opportunity to earn digital currency. Cryptos are encrypted digital currency that is not centralized.

[Johermi 1170]

Cryptocurrencies in virtual or digital money are used to make it independent of governments, unlike physical money that is controlled by governments, cryptocurrencies are decentralized and use blockchain encryption 

[Iman33 0]

Cryptocurrencies are an electronic currency made over the internet and are not reliable and safe currencies in our hands that you can trade, invest and obtain profits through

[Braulio Eurea 720]

The meaning of cryptocurrencies in the world is determined by their purchasing power, representation of wealth, payments, transactions, trade, travel, finance, projects, investment and much more. Cryptocurrencies mean investments in different areas, constitutes new areas for financial economic development, Cryptocurrencies mean a competition with the physical money that is issued by the countries of the world. The cryptographic world is a world of the internet, it is an online world, there is no place for the physical.

[scorpiali 5626]

Right the best definition is the decentralized digital currency it's the best and good one to understand exactly the meaning of crypto currency specially for the the new users and beginners in this domain, there is many meaning but it's the best one

[gbest2020 645]

It is a digital currency more advanced in technology that can not be torch only in digital format opposite to fiat money that can be torch when withdraw in cash format  then both are used for making transactions in different features

[Klaus sonal 0]

Cryptographic money, as I would like to think is an advanced cash which can be utilized to make various sorts of changes in various trades, it is additionally an installment money for countless online stores, notwithstanding that it very well may be utilized in different ventures or likewise the thing is known as exchanging, purchasing digital currencies at a low cost to later sell them at a more exorbitant cost.

[Joseph J 608]

Yes certainly. Cryptocurrency is also digital money that can be invested in some projects and can be exchanged on an exchange, these digital assets can be bought and sold, in some countries Cryptocurrencies have been implemented as a payment method which is great project for a centralized and decentralized economy to the people who use Cryptocurrencies daily.

[Simon London 1749]

Hello everyone, in my opinion cryptocurrencies means, digital money, where your marketing will be carried out online. We can transfer a cryptocurrency to someone on the internet without intermediaries, where the transfers will be made quickly and safely.

[Sairaranjha 674]

It is a digital currency.fome which we  get benefit. We can earn this and make our life easier.

[rkb05 115]

Hi there ,I am new here .Even I don't know about cryptocurrency meaning but this post helps me to figure out.Thanks for sharing .I have learned through full members and senior members comment .