Understanding Deeper About Cryptocurrency

in #bitcoin7 years ago

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Well maybe you are still there who do not know what Crypto Currency I try to explain one one yes. Hopefully you can understand what I explain.

Cryptography

Cryptography is a skill or a way to secure communication against third parties. The other language is Encryption. So in the presence of cryptography, messaging can be done safely without any interference from third parties.
Third-party means yes like hackers,
Currency / Currency

Currency is the prevailing exchange tool in the community. Famous in our day with the name Duit Hehe.
Actually there are kinds of kinds of currency in the past. More monggo buddy visit Wikipedia.

Then What is Cryptocurrency?

Cryptocurrency is a virtual currency that is used as an alternative currency that is usually decentralized. This means that no one party governs either from the government or the originator of Cryptocurrency itself.

What are some kinds of Cryptocurrency?

Kinds of Cryptocurrency are numerous. later I will discuss one one. including:
Bitcoin
Litecoin

Legality of Cryptocurreny?

this is the subject of much conversation. Some countries think Cryptocurrency is illegal, maybe because it is not issued by the local banking. But there is also a Cryptocurrency legend so that this is still a debate in the world.

But I think this is a cool innovation because we can transactions anywhere and anytime safely. Kalo according to my friend?

Conclusion.
With some of the above explanations I draw the conclusion that this cryptocurrency is the money of the future. Because we are much facilitated with the virtual currency. Yes maybe by adding a few rules of regulation maybe there will be Cryptocurreny for indonesian people, hehehe.

Please feel free for my friend to leave his comments.