Cryptocurrency-a financial life path
What is cryptocurrency? Cryptocurrencies are virtual or digital currencies that are protected by cryptography , making them almost impossible to counterfeit or spend twice. Blockchain technology , which is a distributed ledger that is enforced by a dispersed network of computers, powers the majority of cryptocurrencies on decentralized networks. One characteristic that sets cryptocurrencies apart is that they are typically not issued by a single entity, which potentially makes them impervious to manipulation or intervention by the government. KEY TAKEAWAYS: -A cryptocurrency is a type of digital asset that is based on a network and is dispersed among numerous computers. Because of their decentralized structure, they are able to function independently of governments and other central authority. - Blockchain and related technologies, according to some experts, will upend a number of sectors, including the legal and financial sectors. - Decentralized systems that don't fail at ...