A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Cryptocurrency is a form of payment that can be exchanged online for goods and services. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. You’ll need to exchange real currency for the cryptocurrency to access the goods or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security. A cryptocurrency is the same in every country. They can be used freely between countries and across borders.
Read more ---- https://bitmama.io/blog/what-is-cryptocurrency-beginners-guide-to-digital-currency/

Bro link me up on


Stuaaag@gmail.com


GistsNaija247