Accepting Crypto

Posted by Saif Cole on

Crypto is the future of money - and it is accepted here. But what is Crypto currency?

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions and specifications. Some of these are clones or forks of Bitcoin, while others are new currencies that were built from scratch.

Woah slow down there! Basically it's digital money that you can send to anyone on the planet without using a bank. They don't need to provide any personal information to make a transaction, and transactions take place on a network they can trust. 

Pretty Cool.


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