How does Cryptocurrency work beginner?

[Amir khan 279]

On 2/3/2021 at 10:46 PM, Sophie0011 said:

Instead of a central powering controlling cryptocurrency, an algorithm and users themselves control cryptocurrency. The algorithm dictates how transactions work and how new coins are created, users create peer-to-peer transactions using software called wallets. Transactions are recorded on a public digital ledger.

Dear @Sophie0011 well said i agree you cryptocurrency is a digital currency that works online and electronically. We can send our cryptocurrency from one wallet to another and receive it. It is without any bank involvement. 

On 2/4/2021 at 12:40 AM, Mohsin hassan said:

Of course you said right, This is a digital currency that we control ourselves and can be transacted from one wallet to another, no bank controls it. This is the advantage that digital currency is above our fingertip means that we can use it whenever we want and send it.

@Mohsin hassan I totally agree with your points of view dear. Cryptocurrency is a digital and electronic currency that works electronically. No bank involvement is the main benefit of cryptocurrency. Good job❤

[Nimra Furqan 0]

New information for the first time I see it ... Thank you for your effort. I hope you will always stay well to write us important information in the cryptography world.

[Fiyyaz7711 51]

It's best for me that information shows in this post is valuable. I like the idea most important thing and need some help in this forum for sharing news and views about the cryptocurrency

[Samer 840]

Well said, my friend, but in the world of cryptocurrencies, paper transactions have no need to work with them at all

We have to keep working on cryptocurrencies here and spreading them widely to take them to the highest levels

[Ses93 1624]

The most important characteristic of cryptocurrencies is their elimination of central control over them, through which financial transactions can be conducted between the two parties directly and without the need to reveal their identity, and thus the ease and speed of trading through portfolios through which balances from cryptocurrencies are saved.

[Robin Hood 786 137]

On 2/3/2021 at 10:46 PM, Sophie0011 said:

Instead of a central powering controlling cryptocurrency, an algorithm and users themselves control cryptocurrency. The algorithm dictates how transactions work and how new coins are created, users create peer-to-peer transactions using software called wallets. Transactions are recorded on a public digital ledger.

Yes,of course we can control our digital art easily. We can transfer our money from one wallet to others. We can easily manage our money it is because there is no specific bank for this currencies.

[Ghadrov 0]

This is correct, and it is the best characteristic of the cryptocurrency, that the bank does not control its price, rather we are where its value rises and decreases according to the supply and demand for it.

[Anusha cm 0]

A cryptocurrency is a decentralised digital currency, and an encrypted digital asset designed to work as a medium of exchange confirmed in a public ledger via a process known as mining and transferred between peers.

[Alex Babu 343]

This forum is a great opportunity for everyone to learn as well as make money. Here every new member can earn and take advantage of cryptocurrency by learning from experienced members and publishing useful posts.

[Jami ss 843]

My friend first of all I will come to you on this forum and wanting more I want to tell you that you should do to get the proper knowledge about the crypto working that is very beneficial for you to survive on this forum best of luck dude

[Manir 1181]

well crypto currencies are digital currencies which we deal with it online and it has so many advantages.  they are currencies that we cannot see but we deal with it online and we earn through it. 

[HumamAliDeeb 590]

It is a type of currency available only in digital form, and it does not have a physical presence and has similar characteristics to physical currencies, but it allows immediate transactions and the transfer of ownership without limits, but these currencies can be used to purchase goods and services, but it can also be limited to certain communities such as for use within the game On the Internet or social network. A digital currency is a financial balance recorded electronically on a stored value card or other device. Another form of electronic money is network money, which allows the transfer of value on computer networks, especially the Internet. Electronic money is also a claim on a private bank or other financial institution, such as a bank deposit.
And digital money can be centralized, where there is a central point of money supply, or decentralized, where the money supply can be controlled from different sources such as Cryptocurrency.

[Alan Johns 258]

Cryptocurrency has many benefits for us and we can control it directly through our devices as there is no physical existence for Cryptocurrency and it is only available online and based on Block chain method. We can do Crypto trading by sitting in our homes and can transfer it in seconds in any part of the world.

[Nooga 405]

Thank you for this information, my friend. Yes, mining operations need to solve complex algorithms and need sophisticated devices to be presented. This information is a lot of new members that do not know it.

[Jeevay 283]

It's important to acknowledge all of the process's regulations, and maybe you'll work hard to ensure that you observe the digital currency. Right now, you're exploring digital currency rates, which have been important to us.

[Amelia1971 1338]

Your words are exact, my friend, we all know that cryptographic currencies are virtual and that we deposit them in our wallet to protect ourselves from any intruder who dares to rob us and it is good because there are no banks involved that always end up when it comes to money. getting some percentage that is very high.

[Haia kh 259]

All cryptocurrencies are based on blockchain technology, which acts as a ledger of accounts and information is stored via computers, which are not under the control of any government,
It is safer, more honest and fast.

[asmar33 413]

Yes, I think this is one of the best advantages of cryptocurrencies. No one controls it to its owner, as it is not subject to any laws and working with it is simpler than we expect.

[Fatima Alre 766]

In addition to this.. there is also the feature of copying and encrypting funds for clients. ... and no party can tamper with Bitcoin and its system because they believe in the cryptography and encryption system. It can be used easily at any time and anywhere in the world, without any obstacles or limits, in addition to allowing its users to have full control over their money.

[Malik Abi 0]

The most critical feature of cryptocurrencies is the lack of central oversight over them, which allows financial transactions to be made between two parties independently and without the need to disclose their identities, and hence the simplicity and pace of trading across portfolios in which cryptocurrencies' balances are preserved.

[AlBashek249 901]

I thank you, my friend, for the clarification that you have provided that we need these tips and useful information to increase our experience, which in my opinion is the basis for success in any field.

[Arim1111 1095]

Beginners need more knowledge about the cryptocurrency, so it is our duty to explain to them a lot of information about these virtual currencies, which were welcomed and increasingly popular and demand rose to record levels.

[Reta 1285]

Do for yourself, yes, this is the principle underlying the business here, where you earn for your work and yourself without anyone sharing with you what you produce. This is because cryptocurrencies are decentralized and not subject to any authority or government ... We have to invest our time in understanding these currencies well and how to trade them through monitoring, analysis and forecasting the extent of the rise or fall in their prices in order to get profit and abundant money ... Good luck to all

[Ysha5 763]

My novice friends In order to work very well and successfully, you must adhere to the basic rules of this forum and work with self-confidence, patience and meticulous accuracy.

[karam_s 412]

Thank you for this great content. Many people do not know anything about cryptocurrencies. We can exchange money easily from anywhere in the world and without banks. Cryptocurrencies have the feature of decentralization because they are not subject to the control of a specific party. We are the ones who control the currency, not the bank.