Crypto-currency - behind the name
- A Cryptocurrency is money in digital Form. You can't keep the currency in Hand, but save purely digital.
- The digital money methods are based on the cryptography, so this is especially to act quickly and safely. It is supposed to do in the future, payment processes easier and safer.
- Is stored crypto-currency in a so-called "Wallet" or purse. This is a digital wallet that resides on your Computer, Smartphone or in the Cloud.
- Crypto currency is not managed in contrast to normal money of a Central Bank. The idea is to decentralise, so that no one alone has control over a currency.
- The best known Cryptocurrency is Bitcoin. There are now many other Coins that are faster and better as a means of payment suitable. With including, for example, Ethereum and Litecoin are.
Crypto-Currency Bitcoin (Image: Pixabay.com)
In the next practice tips we show you how to online with crypto currency earn money , and a comparison between Bitcoin and Ethereum.
