What Should We Do For cryptocurrency?

2 years ago
23

A cryptocurrency is a digital currency designed for secure payments and that has a decentralized, virtual financial network. A block chain is a transaction database shared by all nodes participating in the network. It can be viewed as a distributed ledger containing accounts and balances of its users' assets.

Cryptocurrency uses decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control makes it difficult to counterfeit digital currency, which maximizes consumer protection.

Cryptocurrency has been described as an alternative economic system to mainstream economics because of its decentralized nature combined with its digitized, encrypted security features.

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