Describe crypto currency and how does the crypto currency work? How will the crypto currency effect the Chinese Yuan and it's economy which will be launched by China's central bank?
Answers
Answer:
a cryptocurrency is the digital or virtual currency that is used by the citizen of india or china and the other countries
Answer:
any form of currency that exists digitally or virtually and uses cryptography to secure transactions
run on a distributed public ledger called blockchain
Explanation:
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
How does cryptocurrency work? Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. ... Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.
