Cryptocurrency can be defined as a digital currency in which transactions are verified and are maintained by a decentralized system.A cryptocurrency is a digital medium of exchange using strong cryptography to secure financial transactions

Cryptocurrency: Meaning

Definition

The term cryptocurrency can be defined as a digital currency in which transactions are verified and the records are maintained by a decentralized system using cryptography.

Introduction

In simple words, cryptocurrency basically is a type of currency which makes use of digital files as money.  

Cryptocurrencies use decentralized control, in the sense that they aren’t controlled by one person or government.

 However, this is different to ‘centralized’ electronic money and central banks.

The first cryptocurrencies were made to be independent of government-issued currencies, thus keeping properties of, both forms of currencies, separate from each other.

Common Cryptocurrencies include;

  1. Bitcoin
  2. Bitcoin Cash
  3. Litecoin
  4. Steller
  5. IOTA
  6. Ripple
  7. Ethereum

Importance of Investing in Cryptocurrency

  1. Safe trade: Cryptocurrency is one of the safest and trusted kinds of digital currency that people prefer nowadays, especially traders who are looking for safe pathways to choose from while trading assets.
  2. Alleviates the need for a third party: Another reason as to why cryptocurrencies have become extremely popular is because of their policies. Their policies clearly state that there is absolutely no need for third parties to perform any kinds of trades, thus, re assuring safety in the minds of the people.
  3. Privacy: Traders out there really do enjoy privacy and confidentiality when dealing in cryptocurrencies. One can expect their transactions to be highly confidential since transactions can and be made anonymously.

Cryptocurrency

परिभाषा

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परिचय

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  1. बिटकॉइन
  2. बिटकॉइन कैश
  3. लिटिकोइन
  4. स्टेलर
  5. आईओटीए
  6. लहर
  7. लोकाचार

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