Blockchain and Cryptocurrency: 2 Books in 1: Blockchain Basics & Cryptocurrency for Beginners. The Complete Guide for Beginners to Understand Blockchain Technology and Start Cryptocurrency Investing by Trend Richard

Author:Trend, Richard [Trend, Richard]
Language: eng
Format: epub, mobi, azw3
Published: 2021-07-09T00:00:00+00:00

Characteristics of A Cryptocurrency

The main characteristics of cryptocurrencies are:

Cryptography: They use encryption techniques to make secure payments and collections.

Decentralization: They do not need to be controlled by any institution.

There is no possibility of forgery or duplication: A cryptographic system protects users.

There are no intermediaries: Direct person-to-person contact.

Transactions are irreversible: Once the payment is made, there is no possibility of cancellation.

They can be exchanged for other currencies.

Privacy of use: It is not necessary to reveal your identity when doing business.

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