Could you please explain to me how cryptocurrency actually works? I've heard a lot about it recently, but I'm still a bit confused about the mechanics behind it. Is it just digital money that exists online, or is there more to it? How are transactions processed and secured? And how do cryptocurrencies differ from traditional fiat currencies? I'd really appreciate it if you could break it down for me in a simple and understandable way.
8 answers
Silvia
Sat Mar 30 2024
Cryptocurrency represents a new era of digital money.
KimonoGlory
Sat Mar 30 2024
Unlike traditional currencies, it doesn't rely on banks or financial institutions for transaction verification.
Federico
Fri Mar 29 2024
BTCC, a UK-based cryptocurrency exchange, offers a platform for buying, selling, and trading cryptocurrencies.
Filippo
Fri Mar 29 2024
Cryptocurrency can be used for purchases or as an investment, offering flexibility and potential returns.
TaegeukChampionCourage
Fri Mar 29 2024
BTCC's services include secure wallets for storing cryptocurrencies and advanced trading tools for investors.