cryptocurrency or digital currency is very closely related to the hive platform that we live today. because this platform provides payments to writers with digital currency under the name hive. surely some of you who have just joined here still don't know what digital currency is. that is fair thing. me too. when I first joined, I also did not understand blockchain and digital currency. but over time, now I understand. I will explain as simply as possible to those of you who don't understand.
First, let's get to know Blockchain.
blockchain that manages and manages digital currency transaction data. and not managed by a third party like the central bank. but only managed by their respective users.
for example if you save money in a bank. You send money to your parents. just say bank nipon. then all your transactions will be known by the Nipon bank. they will arrange everything. the other bank doesn't know the money you sent. even the amount you send to your parents, the other bank doesn't know.
because every transaction is only known by each bank customer.
but if you do digital currency transactions, then everyone will find out. because it is open. and no third party. only the identity of the sender is unknown. unless the sender tells the person he is sending digital money to.
digital currency has no form. because it can only be accessed through the internet network. not like paper money or gold. if paper money we use everyday, it can be stored in a bank, or wallet. if it's a digital currency, it can only be saved via the blockchain network.
digital currency comes from miners. if you see gold, it's in a mine on a mountain. then dug up gold. if it's a digital currency, it's mined on the blockchain. miners crack passwords, then become digital currencies. Then the miner asks the market to trade in the digital currency he gets.
Hopefully what I have said is useful.