Is Cryptocurrency a real currency or just a Scam Qoute Coin
New York City: Cryptocurrencies, like the Bitcoin and Ether, are not regulated by a central bank or financial regulator. They’re based on a technology called “blockchain” that facilitates fund transfers without the need of an intermediary. So what’s the verdict? Is cryptocurrency a real currency?
Cryptocurrencies, like the Bitcoin and Ether, are not regulated by a central bank or financial regulator.
Cryptocurrencies, like the Bitcoin and Ether, are not regulated by a central bank or financial regulator. They’re based on a technology called “blockchain” that facilitates fund transfers without the need of an intermediary.
Blockchain technology is only available to individuals who can access it via their computer or mobile device. It’s not easy to use and requires advanced knowledge about programming languages such as JavaScript (which most people don’t have).
They’re based on a technology called “blockchain” that facilitates fund transfers without the need of an intermediary.
You might be wondering how cryptocurrency works. What is it? How does it work? And why should you care about it?
To answer those questions, you need to understand blockchain technology—the digital ledger that records all transactions that take place within a particular cryptocurrency.
Bitcoin, the father of all cryptocurrencies, hit its all-time high in December 2017 with a price value of $19,783.21 before it fell sharply to $6,499.85 in November 2018
Bitcoin, the father of all cryptocurrencies, hit its all-time high in December 2017 with a price value of $19,783.21 before it fell sharply to $6,499.85 in November 2018
Bitcoin’s price is volatile and may drop suddenly and without warning. As more people use bitcoin for payments, the fees will likely rise along with it as well. The fees are also why some people prefer other cryptocurrencies over Bitcoin; however if you’re interested in investing in cryptocurrency but aren’t sure which one is best for you then check out our guide here: How do I choose which crypto to invest in?
Despite the uncertainty of cryptocurrency’s roots, the decentralized payment system has been warmly received by investors.
Despite the uncertainty of cryptocurrency’s roots, the decentralized payment system has been warmly received by investors. Bitcoin (BTC) is the most popular digital currency and was created in 2009 by an anonymous developer or group who called themselves Satoshi Nakamoto. Cryptocurrencies are based on blockchain technology, an electronic ledger that records transactions chronologically and publicly on a distributed network of computers all over the world.
Bitcoin transactions take place peer-to-peer across networks without going through a third party like banks or credit card companies; these transactions are verified by miners who are rewarded with newly minted bitcoins for their efforts. There is no central authority regulating cryptocurrencies—they aren’t backed by gold or silver; instead, they’re valued based on supply and demand from buyers willing to pay more than what others will accept for them (or vice versa).
The value of cryptocurrencies is backed by confidence.
The value of cryptocurrencies is backed by confidence.
When you invest in a cryptocurrency, you’re buying into the belief that it will continue to be used and accepted as money. The more people who believe in its value, the more valuable it becomes.
Cryptocurrencies are also known as “crypto-currencies” or digital currencies (also called “altcoins”). They can be traded like stocks on an exchange or stored in a digital wallet on your computer or smartphone.
The debate over whether cryptocurrencies are real money will rage on for some time.
The debate over whether cryptocurrencies are real money will rage on for some time. Some people believe that cryptocurrencies are real money, others think they’re not.
But one thing is certain: Bitcoin has been around for a long time and it has become an integral part of our daily lives. You can pay your bills with it and buy things online with it (and even use it to buy things offline). So while its future may be uncertain, one thing is clear: Bitcoin isn’t going anywhere anytime soon!
While cryptocurrencies are not regulated by a central bank or financial regulator, they are backed by a technology called “blockchain” that facilitates fund transfers without the need of an intermediary. The value of cryptocurrencies is backed by confidence in their ability to be accepted as payment for goods and services.
