What is cryptocurrency?

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Saddiya  Anwar asked 13-Feb-2020 in Miscellaneous by Saddiya Anwar

What is cryptocurrency?

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Saddiya  Anwar answered 13-Feb-2020 by Saddiya Anwar

What is cryptocurrency?

Cryptocurrency is a tradable digital form of money or asset. You can find its existence online that means they are purely digital and there is no option to take out a cryptocurrency in paper or coin form. Cryptocurrencies uses secret codes that is cryptography to verify and secure transactions.  

Currently, there are over one thousand different cryptocurrencies in the world. Most people see them as the backbone of a fairer and future economy. It works by logging transactions into a database to work out how much of that currency each individual, or their address, is holding. It is, in fact, built on Blockchain technology.  

When using cryptocurrency you have a public key and a private key, both of which appear as strings of random numbers and letters. It is recommended that you never share your private key with anyone.  

It is also very important that your private key written down and stored in a safe and secure place. 

There is no availability of options like "I forgot my private key" in case of cryptocurrencies. If you lose you private key, you lose everything controlled by the key.

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Goe Frey answered 18-May-2020 by Goe Frey

What is cryptocurrency?

What is Cryptocurrency Exchange?

Cryptocurrency is the digital currency where transactions are recorded in a public digital ledger called Blockchain. The transaction data and ledger are encrypted using cryptography which is called cryptocurrency. More than 1500 cryptocurrencies are present currently like Bitcoin, Binance, Ethereum, Ripple, and much more.
What is Cryptocurrency Exchange Clone Script?
The exchange clone script is the same as the crypto exchange with the core features and the additional features that can be added in the script based on the requirement. Entrepreneurs who want to run the business in cryptocurrency can prefer a clone script rather than creating a new one, where it is a time-consuming process at a higher cost. To avoid this, make use of our ready-made Cryptocurrency exchange clone script.

https://www.cryptocurrencyscript.com/