Saqib Raza Karachi, Pakistan 5 Questions 9 Answers 4 Best Answers 52 Points View Profile Saqib RazaIn: BlockchainLearner Asked: February 5, 20192019-02-05T14:12:28+00:00 2019-02-05T14:12:28+00:00 What is a cryptocurrency? Define Cryptocurrency? Share Facebook 5 Answers Voted Oldest Recent Manuel Toledo 2 Questions 3 Answers 0 Best Answers 0 Points View Profile Manuel Toledo Learner 2019-02-24T02:55:09+00:00Added an answer on February 24, 2019 at 2:55 am Is digital currency that is use to eliminate intermediaries between sellers and buyers, this process use a different coins like bitcoin, ether etc. The network is complete decentralized platform, that allows to reduce cost in each transaction; use P2P model. 1 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Ankur Sharma 7 Questions 14 Answers 0 Best Answers 206 Points View Profile Ankur Sharma Learner 2020-03-31T13:42:43+00:00Added an answer on March 31, 2020 at 1:42 pm It is a form of digital money that is designed to work as a medium of exchange and uses a cryptography method to make the transaction secure. It is also known as virtual currency. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Alhimik 1 Question 10 Answers 0 Best Answers 0 Points View Profile Alhimik Learner 2019-05-23T05:46:33+00:00Added an answer on May 23, 2019 at 5:46 am A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Mauro Real SÃO BERNARDO DO CAMPO, Brazil 14 Questions 5 Answers 0 Best Answers 94 Points View Profile Mauro Real Learner 2019-02-05T16:55:16+00:00Added an answer on February 5, 2019 at 4:55 pm Complementing the previous answers a cryptocurrency or coin means a blockchain-based electronic money, or on another distributed ledger. Each cryptocurrency must have its own transaction log, so for example Bitcoin has its own Blockchain, Ethereum has its Blockchain, Each Blockchain can issue several tokens, that would be exchange among Blockchain Wallets, for instance we have the TOKEN = Aragon ( Symbol = ANT ), that has been issued on the plataform of the Blockchain Ethereum that has the COIN = ETH ( Ether ). For a lisf of Coins and Tokens take a look on https://en.bitcoinwiki.org/wiki/Cryptocurrency_list 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Saqib Raza Karachi, Pakistan 5 Questions 9 Answers 4 Best Answers 52 Points View Profile Best Answer Saqib Raza Learner 2019-02-05T14:19:23+00:00Added an answer on February 5, 2019 at 2:19 pm A cryptocurrency is a digital currency created and stored electronically in blockchains which uses encryption techniques to control creation of monetary units. It has no physical form and is not redeemable in another commodity like gold. Its supply is not determined by any central bank or authority and the network is completely decentralised. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login to add an answer. Username or email* Password* Captcha* Click on image to update the captcha. Remember Me! Forgot Password?