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How to Make Money with Cryptocurrency by heidi mukhtar done

Bym Abdullah

Jan 11, 2022

What is Cryptocurrency and How Does it Work

Cryptocurrency is cryptographic, digital currency that operates through a decentralized blockchain technology network. Cryptocurrency coins are secured by cryptography, making it virtually impossible to counterfeit them or double spend. What makes cryptocurrencies unique is that they are not issued by central banks or governments, usually have a defined supply which cannot be arbitrarily extended and are (so far) relatively free from government interference and manipulation. As such, many believe that cryptocurrencies represent a superior store of value to fiat (government issues) currencies, and as such are likely to rise in value in terms of fiat currencies, giving traders or investors an edge on the long side.

Cryptocurrencies are designed to enable secure payments online between two parties. Cryptos operate in a peer-to-peer manner, with no intermediaries. They work using blockchain technology, in which every computer involved in cryptocurrency transactions plays a role in managing and recording transactions, making registry fraud extremely difficult to execute.

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