CryptoCurrency Explained Best
Digital currency
(digital money or electronic money
or electronic currency) is distinct
from physical (such as banknotes and coins). It exhibits properties similar to
physical currencies, but allows for
instantaneous transactions and borderless transfer-of-ownership.
What
is the virtual currency?
Digitalcoin is a
decentralized peer-to-peer cryptographic medium of exchange that is not
controlled by any central authority. Digitalcoin
is designed for security, stability, and ease of use.
What
do you mean by digital currency?
Digital currency
is a payment method which exists only in electronic form and is not tangible.
... Digital currencies can be used
to purchase goods and services but can also be restricted to certain online
communities such as a gaming or social networks. Digital currency is also known as digital money and cybercash.
What is a bit coin?
Bitcoin is a
worldwide cryptocurrency and digital payment system invented by an unknown
programmer, or a group of programmers, under the name Satoshi Nakamoto. It was
released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users
directly, without an intermediary.
What
is a digital coin?
Digital currency
(digital money or electronic money
or electronic currency) is distinct
from physical (such as banknotes and coins). It exhibits properties similar to
physical currencies, but allows for
instantaneous transactions and borderless transfer-of-ownership.
What is a Bitcoin and how does it
work?
A transaction is a transfer of value
between Bitcoin wallets that gets
included in the block chain. Bitcoin
wallets keep a secret piece of data called a private key or seed, which is used
to sign transactions, providing a mathematical proof that they have come from
the owner of the wallet.
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