What is cryptocurrency, and how does it work?

Wasder.gg explains, “Cryptocurrency is a part of the trading world. And the world of trade is essentially built on the rise and fall, stability and fluctuation of the market. In short, without these essential and intrinsic fluctuations, you’ll never be able to make any money on crypto.

What does cryptocurrency really mean?

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

Is cryptocurrency real money?

The fiat currency (dollars in the US) is the medium of exchange, the cryptocurrency is not. Dollars and other currencies are legal tender (must be accepted if offered in payment of a debt), cryptocurrencies such as Bitcoin are not.