Meaning Of Cryptocurrency In Simple
Huma Hey viewers today we shall learn about cryptocurrency. Cryptocurrency A cryptocurrency is an encrypted data string that denotes a unit of currency . It is monitored and organised by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. Bitcoin, Ether, Litecoin, and Monero are popular cryptocurrencies. Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining , which involves using computer power to solve complicated mathematical problems that generate coins. It can be used to store value and as a means of exchange between two parties doing business with each other. Examples of coins include Bitcoin and Litecoin (CRYPTO:LTC). Tokens, on the other hand, have far more use than just digital money. Although coins and tokens are closely related, they ar