Today I think we all know about Cryptocurrency, More or Less, And In this blog, I wanna Tell you What Is This Thing CryptoCurrency?
Definition: The definition of cryptocurrency is complicated But the main thing is "Cryptocurrency Is a digital asset, digital currency, an alternative currency of decentralized system" its just opposite of electronic money or centralized banking system,
Bitcoin is The First Released open source software or cryptocurrency in 2009.
Creation of cryptocurrency or The Whole Thing Underlying of a system which is Created by A unknown person or group Named As "Satoshi Nakamoto".And he also inventer of Bitcoin And I think Father of Cryptocurrency,It Is claimed that he/she/ or anything else. A Japanese man.
Differences between cryptocurrency and Normal currency:
The main difference between this two is cryptocurrency is decentralized and Normal currency is centralized,
So You guys think what is Centralized and also decentralized thing???
Let's talk about it.
Cryptocurrency is produced by the entire cryptocurrency system collectively at a rate which is defined when the system is created and publicly known.Where in the centralized banking system or Normal currency Such as "Federal Reserve system" or in India "Reserve bank of India"(RBI) corporate boards and government-controlled By printing Units or supply unit.
In that case of decentralized system/cryptocurrency government, corporate body and firms Can't produce it or control it.And the validity of Each cryptocurrency coin provided by a "BLOCKCHAIN"
In next articale we chat about What "Blockchain" and how it works??.
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| Altcoin & CryptoCurrency: image source by google |
Definition: The definition of cryptocurrency is complicated But the main thing is "Cryptocurrency Is a digital asset, digital currency, an alternative currency of decentralized system" its just opposite of electronic money or centralized banking system,
Bitcoin is The First Released open source software or cryptocurrency in 2009.
 |
| CryptoCurrency:image source by google |
Creation of cryptocurrency or The Whole Thing Underlying of a system which is Created by A unknown person or group Named As "Satoshi Nakamoto".And he also inventer of Bitcoin And I think Father of Cryptocurrency,It Is claimed that he/she/ or anything else. A Japanese man.
Differences between cryptocurrency and Normal currency:
The main difference between this two is cryptocurrency is decentralized and Normal currency is centralized,
So You guys think what is Centralized and also decentralized thing???
Let's talk about it.
 |
| CryptoCurrency:image source by google |
Cryptocurrency is produced by the entire cryptocurrency system collectively at a rate which is defined when the system is created and publicly known.Where in the centralized banking system or Normal currency Such as "Federal Reserve system" or in India "Reserve bank of India"(RBI) corporate boards and government-controlled By printing Units or supply unit.
In that case of decentralized system/cryptocurrency government, corporate body and firms Can't produce it or control it.And the validity of Each cryptocurrency coin provided by a "BLOCKCHAIN"
In next articale we chat about What "Blockchain" and how it works??.