What is Crypto Currency for you? - page 2.

richfinch

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Quote from: wilsonwilly1 on April 11, 2018, 08:40:33 AM

What is crypto currency for you? How do you explain crypto currency concept to kids or teenage?

Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous.

It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.

Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online.

You can get further information in this link: https://cryptocurrencyfacts.com/how-does-cryptocurrency-work-2/

r.bhalla07

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This is my only source of income for living and till time I am job employe and do this work for part time and this time I work in this full time for earning.

breadginger56

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Merit: 1

It would be hard to explain crypto-currencies for kids but for teenagers can be considerable, but I can probably simplify it so they can understand what cryptocurrency is. So this is it with the difference between the real money and the crypto-currency:

Cryptocurrency
   - this is a type of money that is digital, that can be used to trade for goods and services (obviously).
   - this is decentralized and that means it is not controlled by a person or a group.
   - can be considered as the "money of the internet universe or cyberspace".
   - can be potentially stored anywhere just like credits.

Real Money
   - this is a type of money that is physically present
   - centralized that means controlled by the government and the bank.
   - also called as fiat currency or the typical money of the people of course
   - can be also stored in an exchange to credits.

EDIT: If I have something missing or wrong, you can add up and/or correct me.

morkovka23

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Activity: 123

Merit: 14

for me, cryptography is like one of many ways to make money, if you well forecast and analyze, then you can earn good money and good capital))))

louie69

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Quote from: wilsonwilly1 on April 11, 2018, 08:40:33 AM

What is crypto currency for you? How do you explain crypto currency concept to kids or teenage?

Basically, cryptocurrency in my opinion is the best opportunity for the people to earn promising profit through investment and trading. We can earn money from being involved in signature bounty campaign and other social media bounty campaigns that are now commonly adapted by many bounty hunters in this crypto community. With crypto currency, it had widely evolved and help people from other countries that are unemployed where they can earn a living by simply joining into the bounty campaign program.

jalaaal

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Quote from: wilsonwilly1 on April 11, 2018, 08:40:33 AM

What is crypto currency for you? How do you explain crypto currency concept to kids or teenage?

crypto currency is money, it is used to have a transaction through online, cryptocurrency is being circulated by many people who do transactions like paying online, trading, gambling, and investing.

cilgindansci

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umachit.fund

I have crypto currencies for about a year. I help newbies. If many people are interested in crypto currencies, crypto money becomes stronger.

awazieik

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Quote from: wilsonwilly1 on April 11, 2018, 08:40:33 AM

What is crypto currency for you? How do you explain crypto currency concept to kids or teenage?

I think i will tell my kids or tennegers that cryptocurrency is a currency that looks just like money only that is a digital currency that is generated by computers or smartphones.

wilsonwilly1

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What is crypto currency for you? How do you explain crypto currency concept to kids or teenage?

Topic: What is Crypto Currency for you? - page 2. (Read 166 times)