Crypto
2 min read
Decoding Crypto
What is Cryptocurrency?
What is Cryptocurrency?
What is Cryptocurrency?
Want to share an important information sa best friend mo without anyone else knowing? You can use Cryptography!
Cryptography can take various forms. Let us simplify the explanation for you!
If your friend sends you “DACB”, you’ll interpret it as 4132
This shows that information can be transferred to an encrypted form of data that only two parties understand.
Ang currency ay isang medium of exchange. Tulad ng PHP or Peso sa bansa natin, we commonly use it as mode of payment in our every day transactions.
Putting it together, ang cryptocurrency ay isang digital money na encrypted at halos imposible i-counterfeit.
Pero ang e-money ay usually representation ng fiat currency, tulad ng US Dollar or PHP, in electronic form. Ang
e-money ay karaniwang regulated ng central bank.
Meanwhile, Cryptocurrency ay hindi governed or issued ng central banks.
