Read more
Cryptocurrencies, or Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.
Crypto- is short for "cryptography", and cryptography is computer technology used for security, hiding information, identities and more. Currency means "money that is currently in use".
Cryptocurrencies are a digital cash designed to be quicker, cheaper, and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.
This is the descriptive, concise short introduction to Cryptocurrencies.
About the author
United Library is your premier destination for insightful and engaging biography books. Our extensive collection delves into the lives of influential world leaders, pioneering religious figures, and remarkable individuals who have catalyzed technological advancements and societal transformations. Whether you're passionate about history, culture, or innovation, our biographies offer a captivating exploration of your favorite subjects. Discover the rich tapestry of human achievement with United Library's meticulously researched and thoughtfully crafted biographical works, ensuring you're always informed and inspired. Explore our biographies today and uncover the stories that have shaped our world.
