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Author Topic: What do you understand by cryptocurrency?  (Read 6929 times)

Offline Nostoman

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What do you understand by cryptocurrency?
« on: February 02, 2019, 12:48:23 AM »
Cryptocurrency means life for development relationship. Beacuse of cryptocurrency is power and can do good and evil much.cryptocurrency gives sorrow and delight. it can do everything.so, cryptocurrency is must in our life.                 

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What do you understand by cryptocurrency?
« on: February 02, 2019, 12:48:23 AM »

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Offline 88percent

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Re: What do you understand by cryptocurrency?
« Reply #1 on: February 02, 2019, 02:45:51 AM »
In fact, cryptocurrency is an innovation that offers to an improvement for financial and economic sectors. Crytpo provides something new in digital investment, it also creates transaction with a decentralized system. People can send digital currencies with the same value and low costs around the world.   

Offline Hongy

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Re: What do you understand by cryptocurrency?
« Reply #2 on: February 02, 2019, 03:26:47 AM »
I know crypto is a new currency, and can be used online, and also an easy way to use investments and transactions to get more profit, because for us krypto is also very profitable.
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Offline team87

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Re: What do you understand by cryptocurrency?
« Reply #3 on: February 02, 2019, 10:50:16 AM »
For me cryptocurrency is a part of future technology for investment means, transactions in a more modern economy. With crypto, it is more efficient and comfortable. If we think about risk, surely there will be risks. So it is proper to think positively about all aspects.
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Offline Paglamon

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Re: What do you understand by cryptocurrency?
« Reply #4 on: February 02, 2019, 03:40:25 PM »
Yes bro, actually you are right. Hey man do you understand causes of i am going to end up. Cryptocurrency can help me. Cryptocurrency is digital money or gold in the market. Investment project is biggest company.good luck of yhe group members.                     

Offline AquaX

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Re: What do you understand by cryptocurrency?
« Reply #5 on: February 03, 2019, 08:00:20 AM »
Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium.

Offline adterna

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Re: What do you understand by cryptocurrency?
« Reply #6 on: February 04, 2019, 02:28:05 AM »
Cryptocurrencies are digital currencies. They are assets because they can serve as a good store of value. Bitcoins and altcoins are examples of cryptocurrencies. We cannot see any of these physically. They exist as mere digits that people have decided to agree that change of any kind in these digits implies a change in value. The revolution of cryptocurrency and the blockchain changed every way we thought about money and transactions.  The absence of trust makes it unnecessary to know the next person or leave anything in the hand of a fallible third party.

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Re: What do you understand by cryptocurrency?
« Reply #6 on: February 04, 2019, 02:28:05 AM »


Offline masterrex

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Re: What do you understand by cryptocurrency?
« Reply #7 on: February 04, 2019, 03:46:04 AM »
Cryptocurrency means life for development relationship. Beacuse of cryptocurrency is power and can do good and evil much.cryptocurrency gives sorrow and delight. it can do everything.so, cryptocurrency is must in our life.               
Regarding you Thread title! my simple answer is I understand cryptocurrency completely by how it functions and bring innovation in decentralized financial system including faster payment services and more cheaper transaction compare to the centralized financial institution like banks and remitance centers.

Offline AvarS

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Re: What do you understand by cryptocurrency?
« Reply #8 on: February 04, 2019, 04:14:14 AM »
cryptocurrency is also called as virtual currency or alternate currency. A cryptocurrency is a form of digital money which is designed to work as a medium of exchange and uses a cryptography method to keep it secure the transaction.

Offline RoyalGirl

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Re: What do you understand by cryptocurrency?
« Reply #9 on: February 04, 2019, 05:08:01 AM »
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

Offline napster

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Re: What do you understand by cryptocurrency?
« Reply #10 on: February 04, 2019, 05:25:37 AM »
In a technological point of view, it is secure, transparent and fast enough for an indiviadual to transfer money around the world in such a few seconds by approving it in consensus protocol.

Offline TopaNN

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Re: What do you understand by cryptocurrency?
« Reply #11 on: February 04, 2019, 05:27:24 AM »
A cryptocurrency (or crypto ) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems

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Re: What do you understand by cryptocurrency?
« Reply #12 on: February 04, 2019, 06:01:09 AM »
Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.

Offline MDPK

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Re: What do you understand by cryptocurrency?
« Reply #13 on: February 04, 2019, 06:33:44 AM »
cryptocurrency is digital currency in which code based on cryptography controls the generation of units of currency and verification of transactions for transfer of funds. A cryptocurrency is not backed by a government or a central bank of any country/countries. The account keeping is done in a distributed manner. Think of it as a distributed ledger one in which you can’t alter the order of transactions.

Offline vegasus

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Re: What do you understand by cryptocurrency?
« Reply #14 on: February 04, 2019, 02:09:22 PM »
~snip~ it can do everything ~snip~           

What you mean by the words? I don't think crypto can do everything. There are many limitations on crypto such as possible to misuse by bad boys, unstable, pump-dump on market, and hacked case on crypto assets. You also need to see the bad sides, bro.   

 

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