Economy, asked by itsmeRohitman19, 11 months ago

can anyone tell me how the cryptocurrency works

Answers

Answered by richa3222

Hey here is your answer :

Cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed a public ledger via process known as mining ... Cryptocurrency works as same as bitcoins. ..

hope it helps u!!!!....

plz mark it as a brainliest. ...

richa3222: I'm really sorry

itsmeRohitman19: its ohk ,,dont be sorry

richa3222: thanks .

itsmeRohitman19: u can follow me,,i hope in future we can shRe our knowledge :-)

richa3222: by the way u are in which class?

itsmeRohitman19: i m in 1st year of my graduation

itsmeRohitman19: 10+2 +1

richa3222: ohhh I'm in 9th bhaiya ...

itsmeRohitman19: ohh wow ,,but u have a great knowledge at this little age,,

richa3222: :')))

Answered by Anonymous

Answer:

To do anything using cryptocurrencies, you first need cryptocurrency wallet software on your computer/phone. The sender can use the software to send any amount of crypto to another person. When a transaction is made, data is sent to the network to be processed. A block is added to the blockchain (database). The network of a cryptocurrency should have some machines with crypto miner solving algorithms each time a transaction is made to help complete it. The miners get rewarded with some cryptocurrency.

Explanation:

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