What is crypto currency and why this was made?

[Hadelo 338]

Cryptocurrency or a digital currency used in cryptography for a security purpose to protect virtual transactions and control the creation of new units and therefore it is difficult to counterfeit that currency, and it is considered a medium for virtual exchange and also a branch of the alternative currency. The first cryptocurrency was established is Bitcoin in 2009 and since that time currencies have been established. Others to compete with it such as Litecoin ...

[Linaa2999 1645]

Cryptocurrencies have been created as an alternative to real currencies and because they have many advantages over real currencies and are controlled by programmers and developers, meaning they are not affiliated with governments.

[Abeera 755]

On 1/8/2021 at 5:56 PM, fahimshahriar2020 said:

Peace be upon you brothers. I know you all are well. Guys I know a little bit about bitcoin but what is crypto currency and who and why it was invented. Is there any other branches in it? That's all I wanted to know. Please comment what you know about it. Thanks!!

I think it is difficult to explain all the things briefly because I also don't know about cryptocurrency briefly I just now about this state cryptocurrency was made when first cryptocurrency Bitcoin was created and after that this field get the name of cryptocurrency and it become like a branch in which many other things are also present you can also Google about it.

[Mera alshanta 19]

I don’t have a long experience in this field and my experience is a bit weak, but I think from my point of view
in general .
 The cryptocurrency was invented to protect the monetary and economic system away from the existing system of central banks, and so the cryptocurrency became not subject to any central manipulation like a regular paper currency.

[Muhammad797 250]

Hello dear friend .  How are you doing .  Well, I have some little information that can help you to know the encrypted currency, as I developed this currency and developed in order to facilitate transactions and payment without resorting to intermediaries and fees in traditional currencies.  It is really a great idea to work with, and we can also store it until the time of need, as there are many popular and good wallets to use in order to store that cryptocurrency in it.

[sara97 274]

Cryptocurrencies are intangible currencies that do not have a tangible existence. It was founded by Satoshi Nakamoto, that dealing with paper currencies takes a long time and great effort, so he established the first cryptocurrency, which is Bitcoin, because it is quick to complete transactions, one of the most important reasons for its establishment is that it is a decentralized currency, i.e. when you grow up This currency is not controlled by any state

[Joker g 180]

Cryptocurrency is a great way to trade and invest. Cryptocurrency online transactions are very useful for transferring money quickly. Cryptocurrency has many benefits.

[Yousefsaker 64]

Hello, the cryptocurrency is a decentralized digital currency that has been designed to improve online exchanges. Given its ease of circulation, it saves a lot of time and effort compared to monetary currency.

[tanbir132 41]

First of all you have to know that cryptocurrency is online and digital currency that we can use on a device.

The concept of cryptocurrency

facilitate transactions and payment without resorting to intermediaries and fees in traditional currencies.  It is really a great idea to work with, and we can also store it until the time of need, as there are many popular and good wallets to use in order to store that cryptocurrency in it.

[abosamra 460]

Cryptocurrencies in general are a technical development from monetary currencies and they are used within the scope of the Internet only, intangible in general and decentralized, and they were encrypted with a hexadecimal counting system and made digital with a binary counting system that was created for the first time by an anonymous person named Satoshi Nakamoto and the purpose of its creation is something One response to the Fed, which imposed something exclusive, which is that the dollar is not linked to gold, and it is completely separate from it. Thank you very much

[abohasnn15 282]

Dear friend, thank you for this great article. The encrypted digital currency is a decentralized digital currency as it can be transferred and traded from one mobile phone to another mobile phone. It was also established by Satoshi Naka Moto. Thank you very much.

[laith marouf 246]

My dear friend, in my opinion, digital currencies were created because we are entering a very advanced era, currencies must be developed, and digital currencies are easy to deal with and easy to carry with you, how to make them I do not know.Good luck

[Bedama 5]

My friend, the cryptocurrency of course is a decentralized electronic currency that was created in 2009And do not be defrauded And its value increases more and more and there are many digital currencies And also the merchants began to deal with it, and it became more valuable and brighter

[Mohamadmal1999 671]

Hello my friend how are you I hope you are fine and good health. My friend, this information needs not much information. But all I can tell you is that there are a lot of coded currencies that have appeared so that we can invest in them and earn money. Thank you my friend for the wonderful post. Good luck everyone.

[Zeina Hmdan 83]

A cryptocurrency is a digital currency that does not have a physical presence. As our era has become technical, it has become easy to work on it and make money.

[Mohammad.zx 186]

Dear friend, we may not know much about cryptocurrencies, but through perusal and follow-up, I knew that it is a digital currency that no central bank or government controls.
 

[Amer sada 133]

My friend, I am still new to know a full answer to your question, but I learned from this forum that this currency is decentralized and was created for virtual exchange, and this currency is protected from fraud and is not subject to manipulation, and it facilitates exchanges within countries without the need for paper currencies.
You can benefit more from the old members.

[Hassan1100 33]

According to my knowledge A 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 networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

[ernestine 9]

cryptocurreny is a digital currency which is created by japanese citizen i don't know very well about it but i think cryptocurreny is the best method for online transactions and otherp purposes. It is a growing currency which is very good for investing and selling

[MoradSaQr 756]

The first cryptocurrency was created in 2009 by Satoshi Nakumoto, and it is digital currencies that are only available on the Internet and are not tangible currencies, their value is constantly changing and they are not subject to any central bank, And I think that's the reason why it was made to be stable in the world.

[دودو 293]

The cryptocurrency is a cryptocurrency platform where you earn and learn here at the same time and link to other sites with the name of the yobit platform where you can convert your digital currencies into other digital currencies and also invest in some coins, as many countries use it in their trading and make a profit.

[Jack321 29]

Hallo my dear friends have a good day I want to tell you that cryptocurrency had made for treading and transfer of money because this method is very easy and safe. And first digital currency Bitcoin was made by satoshi nakamoto.

[Tom03 389]

Hi there greeting in my opinion I think cryptocurrency is a digital currency you cannot touch but you can investor transfer or make more money out of it it is the new generation and also new technology to create cryptocurrency I hope you understand and good luck

[Abdulaziz8186022 7]

Brothers, may peace be with you. I'm sure you're all doing well. Guys, I'm familiar with bitcoin, but what is crypto currency, and who and why did it originate? Is there anything else in it? That was the only thing I needed to hear.

[ibrahmibrahm 314]

Dear friend your question is beautiful and I am still a beginner but I will answer you according to my knowledge cryptocurrencies are decentralized currencies similar to digital currencies to a large extent they move from one device to another but rely on a very complex algorithm and difficult to understand only miners work and rely on large electrical energy for this