Cryptocurrency - Digital Currency
Surely almost all Steemian already know what is Bitcoin, Bagaiaman do business using Bitcoin, payments using Bitcoin or buy credit with Bitcoin. Bitcoin itself is one type of Cryptocurrency. Some people's part is familiar, but that does not mean all of Steemian here know what is Cryptocurrency.
Well then I will discuss it a bit
Cryptocurrency consists of Crypto and currency. Crypto means secret and currency is currency. This meaning is somewhat similar to the sense in terms of the term, namely "Currency of a digital and secret".
So Cryptocurrency is a currency in the form of digital (digital / virtual currency) and also is confidential. Of course, because of the digital form there is no physical form, except kitta make yourself from gold or other metals with the same value. But although it is not physical, this currency still has value and can be used to purchase something.
The first cryptocurrency made is Bitcoin, so Bitcoin is most famous everywhere. Bitcoin
made by an "Anonymous" named Satoshi Nakamoto. Well, after Bitcoin appears, finally comes another coin - coin called Altcoin (Alternative Coin), such as Litecoin and Dogecoin. Other coin coins are also cryptocurrency.
The nature that distinguishes Cryptocurrency from ordinary money is its decentralized and confidential nature (Confused is its meaning -_-) Decentralized means that this currency is not regulated by a particular person / organization, including its own maker. So the price can go up and down anytime and any.
Cryptocurrency is also confidential, because its name is also "Crypto". Cryptocurrency uses cryptographic methods to secure and keep transactions secret. Please note that many criminals in Deepweb who transact using Cryptocurrency because it is difficult to know FBI transactions in this way.
The natural way to get Cryptocurrency is to mine with the computer (not dig you know -_-) The way the mine computer is by completing transactions from other users. So like we take care of other people's transactions, then get paid. But this way is very cost-effective and must use a good computer so as not to be damaged quickly when used to mine.
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