Cryptocurrencies don't have a central issuing or regulating authority like a bank etc., instead, they use a decentralized system to record transactions and issue new units.
Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger.
Cryptocurrency is stored in digital wallets. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward. Cryptocurrency received its name because it uses encryption to verify transactions. It uses mathematical principles to ensure that all transactions are valid and none can be manipulated or issues such as ‘double spending’ or ‘infinite money’ doesn’t arise.
この記事は Fox Story India の April 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Fox Story India の April 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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