What is Cryptocurrency? (animated explainer video)
What is Cryptocurrency? (animated explainer video)
To fully grasp the nature of Cryptocurrency, one must first understand what it is not. Bitcoin is a form of digital money that works like no other form of currency in the world today.
It is the first decentralized digital currency, which means that it is not controlled by any central bank or government. This means that it is not issued by a company or government, but by its users.
Bitcoins are created and managed collectively by the network of users who receive them as rewards for contributing their computing power to secure the network. Users send and receive bitcoins via a peer-to-peer system, which enables payments to be sent directly without involving financial institutions.
#cryptodecoded
Видео What is Cryptocurrency? (animated explainer video) канала Crypto Decoded
To fully grasp the nature of Cryptocurrency, one must first understand what it is not. Bitcoin is a form of digital money that works like no other form of currency in the world today.
It is the first decentralized digital currency, which means that it is not controlled by any central bank or government. This means that it is not issued by a company or government, but by its users.
Bitcoins are created and managed collectively by the network of users who receive them as rewards for contributing their computing power to secure the network. Users send and receive bitcoins via a peer-to-peer system, which enables payments to be sent directly without involving financial institutions.
#cryptodecoded
Видео What is Cryptocurrency? (animated explainer video) канала Crypto Decoded
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