Post
Topic
Board Beginners & Help
Re: What is cryptocurrency?
by
BTCGalaxyA12
on 03/05/2023, 10:11:42 UTC
Cryptocurrency is also known as "Crypto" is a digital currency designed to work as a medium of exchange.It uses cryptography to secure and verify transaction,as well as to control the creations of new unit of a particular digital currency.

Many cryptocurrencies are built on blockchain technology..

What is a Blockchain in cryptocurrency?
Blockchain is a type of (DLT),where transaction are recorded using a hash,which is an immutable cryptographic signature..

DLT) Distributed ledger technology is a decentralized database that various network participant administer.
Popular cryptocurrencies such as Bitcoin and Ethereum are built on blockchain technology..

How does cryptocurrency work?
The major function of cryptocurrencies is without the backing of a central bank or government... Cryptocurrency does not exist as a stack of notes or coins, instead they live only on the internet..

Who has historical impacted on cryptocurrency?
A number of figures have impacted the cryptocurrency industry throughout it's time..
Satoshi Nakamoto kick-started the sector with the creation of Bitcoin(BTC) known for building Ethereum(ETH).
Vitalik Buterin has also notably impacted the cryptocurrency movement with Ethereum..
A whole world of extra tokens built on its network called ERC_20 tokens..Many others have also made their marks on the cryptocurrency..
Crypto is the name given to any type of digital currency. There are many definitions and explanations.
I suspect that there is about 30% plagiarism in the content of your post from three different paragraphs that you did not include the source.
Since I do not know what percentage of plagiarism is considered impermissible on the forum, I will not directly accuse you of plagiarism.

Link 2: https://www.analyticssteps.com/blogs/everything-about-distributed-ledger-technology-dlt

Blockchain is a sort of DLT in which transactions are recorded using an immutable cryptographic signature known as a hash.

Link 2: https://bytemarshal.com/investing-in-cryptocurrencies/

The most popular cryptocurrencies, such as Bitcoin and Ethereum, are built on blockchain technology. A blockchain is a decentralized public ledger that ...

Link 3: https://cointelegraph.com/learn/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money

Known for building Ethereum (ETH), Vitalik Buterin has also notably impacted the cryptocurrency movement. With Ethereum came a whole world of extra tokens ...