Question

In your own words, what is Cryptocurrency?

Answer 1

There are different kinds of digital currency. The definition of the term is below;

• A cryptocurrency in my own opinion is a for of computerized asset that has been created so that it can act as a means of exchange instead of using paper money.

The use of cryptography have been employed in a lot of transaction and is said to be used also to control the creation of more units of currency. It can be regarded as a virtual asset that one cannot make a fake copy of

Learn more about cryptocurrency from

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Answer 2

Answer:

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. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Explanation:

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