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Topic: What Is CryptoCurrency? - page 2. (Read 242 times)

full member
Activity: 257
Merit: 100
January 08, 2018, 06:23:43 AM
#8
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptograhy to secure its transaction in many cases anonymous, the process of converting legible information.
full member
Activity: 291
Merit: 119
January 08, 2018, 06:17:31 AM
#7
Cryptocurrency is something that is only cryptographically controlling everything, it's digitally doing the work what paper money was supposed to do.

A cryptocurrency is something that doesn't exist like how money does but it holds a digital value acceptable in the real world.

And the amazing thing is that you.can exchange.cryptocurrency for fiat and fiat to cryptocurrency so they are interlinked at a level, which makes it super suitable for everyone.
member
Activity: 238
Merit: 10
The Experience Layer of the Decentralized Internet
January 08, 2018, 06:11:13 AM
#6
I heard so many digi coins regularly so how does it connect with cryptocurrency?
Isn't cryptocurrency the cryptocurrency market? It looks more like a stock than a blockchain.
full member
Activity: 714
Merit: 104
January 08, 2018, 06:04:43 AM
#5
Cryptocurrency is blockchain based currency, where transaction listed in crypted block.
You cant change previous blocks because there is row of encrypted blocks
member
Activity: 128
Merit: 27
January 08, 2018, 06:03:02 AM
#4
99% of coins are not cryptocurrencies at all. It's more like stocks of those projects. Currency is something that can be used to pay anyone for anything. Even some top-coins like Bitcoin, Ethereum and Ripple are hardly currencies, because they are still not accepted everywhere. They are more like an asset. 99% of other coins that are not in top-10 are digital rubbish.

A coin doesn't need to be accepted everywhere to be classed as a currency you know that right? For example cigarettes are currency in prisons and concentration camps in the war. But they wasn't currency anywhere else. Bitcoin is a currency.
member
Activity: 70
Merit: 10
January 08, 2018, 06:01:23 AM
#3
99% of coins are not cryptocurrencies at all. It's more like stocks of those projects. Currency is something that can be used to pay anyone for anything. Even some top-coins like Bitcoin, Ethereum and Ripple are hardly currencies, because they are still not accepted everywhere. They are more like an asset. 99% of other coins that are not in top-10 are digital rubbish.
sr. member
Activity: 1918
Merit: 370
January 08, 2018, 05:45:08 AM
#2
Well the basic definition of cryptocurrency is a currency that is only visually accesible and only accesible through the use of internet, it is also used as a real money to pay for transactions without meeting up or using fiat money, but by just a click of a button.
newbie
Activity: 28
Merit: 0
January 08, 2018, 05:33:07 AM
#1
I heard so many digi coins regularly so how does it connect with cryptocurrency?
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