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Cryptocurrency: a simple explanation

Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Explains, R.Sathyanathan. Produced by RaySel.


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By Raysel

Source: SBS



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A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Explains, R.Sathyanathan. Produced by RaySel.



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