Q. What is the simplest way to explain the Cryptocurrency market and Bitcoin for friends and family?
I like Crypto
What is the simplest way to explain the Cryptocurrency market and Bitcoin for friends and family?
If someone could break it down into 5 to 10 different categories. Something simple yet can differenciate between blockchain tech based companies and bitcoin for people with very little knowledge of it.
Asked in CategoryCryptocurrency
Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.
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