What Is Cryptocurrency? Beginners Guide
"ICO" stands for "ico", which means "in token". Today there are several dozen virtual currencies. The most well-known and heavily traded among them are the US Dollar, Euro, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swiss Franc, and the Singapore Exchange Currency. There are also other digital currencies being used on the Internet. But the most popular ones are the ones that are listed here: Now, let's talk about cryptosystems. There is a lot of confusion about what exactly a cryptocurrency is. A good way to understand it is to contrast a traditional currency like the US dollar with one or more of the other virtual currencies listed above. Cryptocurrency is simply the best method for fungible electronic cash. How do we know what the best currencies to use are? A good way is to look at how they function. The leading cryptosystems - like Dash, Libra, and Monero - are based on privacy features and do not transmit tr...