What is Cryptocurrency?
Crypto assets are digital currencies that are used for virtual transactions on the internet network. Secret passwords that are quite complex function to protect and maintain the security of this digital currency which is known as “Cryptocurrency”. The name comes from a combination of two words, namely “Cryptography” which means secret code, and “currency” which means currency. The concept of cryptography has actually been known since the days of World War II.
At that time, Germany used cryptography to send secret codes so that it would not be easily read by the opposing party. Unlike conventional currencies, which are centralized, digital currencies are decentralized. No party is present and acts as an intermediary in a transaction.
Payments with digital currency take place from sender to recipient or peer-to-peer. However, all transactions made are still recorded and monitored in the Crypto Asset network system. Crypto Asset Miner is to record these transactions and earn commissions in the form of the digital money that can be used.
Although cryptocurrency has been developed since the 1990s, it has only been around the last 10 years that it has become known to the global community. Some types of Crypto Assets that are often used include Litecoin, Ethereum, Monero, Ripple, and of course Bitcoin. Currently there are more than 1,000 Crypto Assets circulating around the world, and there will be more in the future.
At that time, Germany used cryptography to send secret codes so that it would not be easily read by the opposing party. Unlike conventional currencies, which are centralized, digital currencies are decentralized. No party is present and acts as an intermediary in a transaction.
Payments with digital currency take place from sender to recipient or peer-to-peer. However, all transactions made are still recorded and monitored in the Crypto Asset network system. Crypto Asset Miner is to record these transactions and earn commissions in the form of the digital money that can be used.
Although cryptocurrency has been developed since the 1990s, it has only been around the last 10 years that it has become known to the global community. Some types of Crypto Assets that are often used include Litecoin, Ethereum, Monero, Ripple, and of course Bitcoin. Currently there are more than 1,000 Crypto Assets circulating around the world, and there will be more in the future.
Updated on: 30/09/2022
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