CryptoCurrency

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Welcome to /c/CryptoCurrency on Lemmy.World, a sister community to the r/CryptoCurrency subreddit. Use it for open discussions on all subjects related to emerging crypto-currencies or crypto-assets.

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-8

Cryptocurrency: Navigating the Future of Finance (moderntech-tips.blogspot.com)

submitted 1 month ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

Whether you're checking out Bitcoin's high value or looking at Ethereum smart contracts, knowing about cryptocurrency can be pretty important. What is Cryptocurrency?

Let's keep it simple. Cryptocurrency is digital money. It secures transactions & controls making new units. Unlike regular money from governments, cryptocurrencies run on a decentralized network using blockchain technology.

Think of blockchain like a big digital notebook everyone in the network can see and check—adding trust & transparency.

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[–] [email protected] 1 points 1 month ago (1 children)

Cryptocurrency is digital money.

With money I can pay everyday items. With crypto I can not do that, simple transactions take time and/or cost a lot of money.

[–] [email protected] 1 points 1 month ago

@Eheran
Sure, BTC is not digital money. It is slow, expensive and has no privacy.

But there are other blockchains that are digital money, transactions are fast, they cost fractions of a cent and keep your privacy. That's what you need for a digital currency.

@amir17