What is Crypto currency and How we can use ?
What is cryptocurrency? And How we can use?
Cryptocurrency is a type of digital money 💰. Cryptocurrency word has been made by two different words.
First one is crypto and second one is currency i.e.
Crypto+currency=cryptocurrency
Crypto= Secret
Currency= Medium of exchange of goods and services.
Now let's understand, Now assume that there are two friends John and Mickel .Mickel gives 5 rupees to John as debt.
After sometime Mickel demands money and John gives him 1 digital biscuits instead of 5 rupees.
John notes down it in a copy which is known as LEDGER.
But some people are thinking that it can be hacked by others but no it can't be hacked because it works peer to peer network means people to people and it is not handled by individuals.it is based on Blockchain 🔗 which is operated by every person who are linked with it.
And when a person invest his money in cryptocurrency then he gets cryptography ( it is type of code or structure) coins.
When the demand of this coins increases your money which invested also increases..
I hope that now you are able to understand about crypto currency 💵 and investment...
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