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Username: LuckyWoman Rating:  Asked to: Heng Kim Date Created: 21 Nov 2017 |
| Category | 46 |
| Tag | Financial |
| Question | What is a 'Cryptocurrency'? |
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Hi LuckyWoman, A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion. The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin's success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin. |
List of Gurus
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Heng Kim 2019-09-24 03:46:59
Hi PrettyWoman, The job market is the market in which employers search for
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Anton Luyten 2019-09-11 10:12:45Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists
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Chaoxiang Lee 2019-09-07 11:28:32Hi Maria, A caplet is a kind of call option based on interest rates. The
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Apinya Kamon 2019-09-04 01:56:33Hello ForexGuy, A false market occurs when prices are manipulated and impacted
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Tom Burke 2019-08-31 08:08:12Hello LuckyWoman, The yearly probability of living is determined by consulting
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Talitha Taslim 2016 - 05 - 18Hello PrettyWoman, M1 is a measure of the money supply that includes all
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Goro Yang 2015 - 10 - 09Hello Peter, A REIT is a type of security that invests in real estate through
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Goro Yang 2016 - 11 - 07
Hi ForexGuy, The pre-market is the period of trading activity that occurs
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Apinya Kamon 2018 - 12 - 06
Hello Fluffy, An index of regional bank and money centers. The Keefe Bank
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Chaoxiang Lee 2018 - 11 - 30
Hello ForexGuy, In the financial world, risk management is the process of
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Heng Kim 2019 - 09 - 24
Hi PrettyWoman, The job market is the market in which employers search for
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Anton Luyten 2019 - 09 - 11
Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists
Read more -
Chaoxiang Lee 2019 - 09 - 07
Hi Maria, A caplet is a kind of call option based on interest rates. The
Read more -
Apinya Kamon 2019 - 09 - 04
Hello ForexGuy, A false market occurs when prices are manipulated and impacted
Read more -
Tom Burke 2019 - 08 - 31
Hello LuckyWoman, The yearly probability of living is determined by consulting
Read more