How Cryptocurrency work

In this post I’m going to tell you about the working process of the cryptocurrency in 2022. As we know the cryptocurrency may become the futuristic currency so the actual working process of the cryptocurrency is also necessary for all of us.

Firstly we talk about the cryptocurrency and then we will talk about the working process of this type of currency.

What is cryptocurrency

Cryptocurrency is a virtual currency introduced in 2009 and the very first cryptocurrency was Bitcoin. and the popularity of the bitcoin is on the next level. We can’t touch the cryptocurrency because there is no physical presence on the cryptocurrency. But we can store it in our digital wallet so we can call it the online currency.

All cryptocurrencies are decentralize so no one can control it. Cryptocurrency not following any kind of traditional banking rule and regulation due to decentralization.

Benefit of Cryptocurrency

There are so many benefit of cryptocurrencies and some important benefit as are follow.

  • Fast Transaction.
  • You can do International Transaction within a couple of seconds.
  • Lowest Transaction fees.
  • No Middle man.
  • High security.

How cryptocurrency work

As you know the the benefit of cryptocurrency. now we will talk about the working process of the cryptocurrencies. cryptocurrencies are based on the blockchain technology and the blockchain is used to make them decentralized.

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