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What Is The Main Purpose Of Cryptocurrency?
- 2 months ago
A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins.
- i + iLv 72 months ago
Its "purpose" is to be a currency that is
1) Secure (nearly impossible to counterfeit or double-spend).
2) Universal (nearly instantly available almost everywhere in the world by virtue of it being digital).
3) Immune to government interference or manipulation (generally not "issued" by any central authority).
There are other reasons for it existing, but the above are considered "main".
- Anonymous2 months ago
To prevent government control of the flow of illegal transactions. Criminals, drug dealers and malware authors love it.
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- MurzyLv 72 months ago
a universally accepted currency