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What really is cryptocurrency?

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Gam3r26
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2017/04/28 15:27:36 (permalink)
Need everyones version of a definition since I have always been curious.  Is it similar to bit coins???
#1

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    toddryoungblood
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    Re: What really is cryptocurrency? 2017/04/28 16:23:29 (permalink)
    Bitcoin is one cryptocurrency, yes. I think Google is going to be your friend on this one. Cryptocurrency is just too broad of a term.


    #2
    toddryoungblood
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    Re: What really is cryptocurrency? 2017/04/28 16:23:30 (permalink)
    Bitcoin is one cryptocurrency, yes. I think Google is going to be your friend on this one. Cryptocurrency is just too broad of a term.


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    Chris21010
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    Re: What really is cryptocurrency? 2017/04/28 17:40:13 (permalink)
    Cryptocurrency is exactly as its name suggests. is a currency (a system of money) that is made safe and secured by its cryptographic (the practice of techniques for secure communication) blockchain (a digital ledger in which transactions are recorded).
     
    there are countless cryptocurrencies but their vaule is only as much as others make it out to be, that is the nature of all floating currencies.
     
    a great video on the subject if you got time: https://www.youtube.com/w...ab_channel=IsaacArthur


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    QuintLeo
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    Re: What really is cryptocurrency? 2017/05/22 18:55:00 (permalink)
    Bitcoin is the first cryptocurrency - it is one specific type of a cryptocurrency, much like the US Dollar is one specific example of a "fiat currency" vs the Canadian Dollar, the Yuan (Chineese), the Euro, the Pound (which is comming back if it ever went away in Britian), the Mexican Peso, and such.
     
     

    Now that vorsholk has stopped his abuse, I'm returning to folding.
     I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
     
    #5
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