With the bitcoin fever, much has been said about such cryptocurrencies, but little is known about exactly what that kind of money is. By the way, did you know that bitcoins aren’t the only cryptocurrencies? Yeah, there are several others. In this article, you will come to know what a cryptocurrency is about, how they came about, what the various types are, and what the challenges are for the future of cryptocurrencies. With Bitblender you can reach the best deal here.
What Is A Cryptocurrency?
Cryptocurrencies are nothing more than virtual currencies used for making payments in business transactions. That is, they have the same function of buying goods and services as the currencies you already know, such as the Dollar. But what is the difference between cryptocurrencies and regular currencies?
Besides being completely virtual, there are three basic characteristics that differentiate cryptocurrencies from regular currencies: decentralization, anonymity and zero …