what is cryptocurrency

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2 years ago

WHAT IS CRYPTO CURRENCY

crypto currency is a broad term digital asset with transcations that are verified and records maintained by decentralised blockchain system cryptograpy,rathre not centralized authority like bank or visa card .One study from 2019 estimated, 100million currently hold bitcoin. cryptocurrencies has no physical form and exist digital on blockchain as tokens

Crypto is not yet a widely accepted form of money, but it gaining recognition as a real-world unit of account by some early adopters. Mark Cuban, owner of NBA franchise The Dallas Mavericks announced that the Mavs now accept the cryptocurrency Dogecoin for online tickets and merchandise purchases. And some centralized payment providers like PayPal now accept Bitcoin and other cryptocurrencies as forms of payment.

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