What is Cryptocurrency? #Bitcoin.
A virtual currency is a type of digital payment system that uses cryptography to keep transactions secure and concealed, making traditional systems like credit cards and debit cards useless. We explain the difference between virtual currencies and regular money, the advantage of having a virtual currency, and how they work. What is the difference between a virtual currency and regular money? Regular money is what we see every day. You and I can use dollars to pay for something or store value in a savings account. Using regular money is relatively easy. No matter where you are, or how much money you have, you can exchange it for goods and services. Physical cash is the most famous example of regular money. Physical cash, as the name suggests, is based on physical objects. A dollar bill is just paper with a picture of George Washington on it, and a bank that accepts dollars is just a building that people visit with large cash registers. Bitcoin is an online currency that is not governed ...
