What is Cryptocurrency or Digital Currency?

in #mining4 years ago (edited)

Cryptographic money or advanced cash it's been around since January 2009 the meaning of digital money is a computerized money where encryption procedures are utilized to control the age of units of money and confirm the exchange of assets working freely of a focal think autonomous everyone that is significant these unified digital forms of money, for example, Bitcoin.  

 Now provide an outlet for personal wealth that is beyond restriction and confiscation that means it's more secure in private Bitcoin just maxed out at $2,600 that's amazingly powerful how that is worth more than anything else any other currency your commodity right now so you know I know some of you might be like oh what is that it sounds kind of complicated.  

But basically it's a mathematical equation that has to be solved by mining which makes the coin usable so it's all done virtually not physically you're not physically mining it's computer hardware and software that mined the cryptocurrency for you and therefore it's not affected by the economy like our country fiat currencies are its basic supply and demand that controls the value of digital currency.  

 Therefore the more people that buy it and use it make the value go up Musa ability is the most important part of cryptocurrency where can I use it what can I buy with it that's why I have usable cryptocurrency platform where I can shop on an app and get cashback in cryptocurrency as well as pay for part of my item in cryptocurrency that's the usability you can even scan the barcode in a store to compare prices and see how much cash back you can get and buy it on the app you can pick it up in the store or get it delivered so it's pretty awesome and so that's usability and makes it very powerful and also it's very simple I hope that helps you understand cryptocurrency a little better and give you a basic understanding what it is and how it works.  

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