What is Cryptocurrency ?

in #bitcoin7 years ago

What is Cryptocurrency?

A Cryptocurrency is a digital or virtual currency that uses cryptography for security. A Cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a Cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.”investopedia.com”

The first Cryptocurrency to appear was Bitcoin, which was introduced in 2009 by an individual or group known under the name of Satoshi Nakamoto. After Bitcoins success many Cryptocurrency appeared such as litecoin, ethereum, Monero and thousand more and more new every day.

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