Crypto currency


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Crypto currency
Cryptocurrency is a type of digital money. It is digital because it only exists online, and it is a currency because it can be used to buy things. With cryptocurrency, people can buy goods and services without the need for a bank or government to be involved. One way to think of cryptocurrency is like virtual tokens or coins. You can use them to buy things, just like you would with real money. For example, if you had some cryptocurrency, you could use it to buy a new computer, or to pay for a meal at a restaurant. Cryptocurrency is different from regular money because it is not controlled by a bank or government. It is created and stored on computers, and it is transferred directly between people, without having to go through a middleman. This means that transactions are faster and more secure than with traditional money. When it comes to stats, cryptocurrency is becoming more popular by the day. The value of all cryptocurrencies in circulation was more than $100 billion in November 2020. An analogy that can help you understand cryptocurrency is to think of it like a digital version of gold. Just like gold, cryptocurrency is valuable and it is the same all around the world. The key difference is that gold is physical, while cryptocurrency is digital. Fun Fact: The first ever cryptocurrency was Bitcoin. It was created in 2009 and is still the most widely used cryptocurrency today.