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

submitted 2 months ago* (last edited 1 month ago) by amir17 to c/cryptocurrency

1 comments fedilink hide all child comments

Whether you're tracking Bitcoin's skyrocketing value or diving into Ethereum's smart contracts, understanding cryptocurrency is becoming a big deal.

What is Cryptocurrency?

Let’s break it down. Cryptocurrency is basically digital money. It’s used to secure transactions and manage the creation of new coins. But here’s the twist: unlike the cash issued by governments, cryptocurrency operates on a decentralized network powered by blockchain technology.

Picture blockchain as a huge digital notebook that everyone in the network can see. This makes transactions transparent and trustworthy.

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[–] Eheran 1 points 2 months 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.