what is cryptocurrency

What is cryptocurrency? This is an issue that many netizens are concerned about. Next, the editor of PHP will bring you a detailed introduction to the meaning of cryptocurrency. Interested netizens should follow the editor to take a look!

Detailed introduction to the meaning of cryptocurrency

1. Cryptocurrency isa digital or virtual currency based on blockchain technology , which uses encryption technology to ensure the security and anonymity of transactions and avoid forgery and double spending.

2. Unlike traditional legal currencies, cryptocurrency is usually not controlled by a central bank or government, but is managed through a decentralized network.

3. Due to its anonymity, transparency and decentralization, cryptocurrency has received widespread attention in recent years and is regarded as a potential investment asset and payment method.

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