What Is Cryptocurrency? – Forbes Advisor What Is Cryptocurrency? Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Cryptocurrency is decentralized digital money that’s based on blockchain technology.
What is cryptocurrency – 21st century Unicorn?
Ameer Rosic This content has been Fact-Checked. What Is Cryptocurrency: 21st-Century Unicorn – Or The Money Of The Future? Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions.
Is cryptocurrency the new way to pay?
How Many Cryptocurrencies Are There? When you think of money, you probably think of the bills in your wallet or the balance in your bank account. Yet — lately — it seems cryptocurrency is aiming to be the new way to pay. But what is it? Here’s the short answer: Cryptocurrency is a form of digital currency that you can use to pay for things online.
How are cryptocurrency transactions recorded?
Transactions are recorded in “blocks” that are then linked together on a “chain” of previous cryptocurrency transactions. “Imagine a book where you write down everything you spend money on each day,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax.
