Definition | Cryptocurrency
A cryptocurrency or digital currency is simply a medium of exchange like local or fiat currencies. It uses the method of cryptography to secure financial transactions, control additional units’ creation, and validate the transfer of the assets of a user. Cryptocurrencies are not controlled by a decentralized network of users and are not subject to the whims of government or central authority. Moreover, the cryptocurrency is not issued by a central authority hence, the government cannot take it away from you.
Today, we have hundreds of cryptocurrencies that are in use such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Bitcoin Gold. By far, Bitcoin is the most popular and widely used cryptocurrency that gave rise to the other digital coins and altcoins.
Why digital currencies are quickly gaining the public eye? Some of the compelling reasons are that they are easy to use, decentralized, can be used internationally, offer low operational fees as well as fast transactions, transparent, anonymous and highly secured.
In this blog, we are going to get familiar with one of the popular cryptocurrency i.e. Bitcoin Gold and some of the safe wallets for Bitcoin Gold. Call us Now! – 18669060703
Bitcoin Gold | For everyone | For everything
Cryptocurrency forks have become quite common. One of the biggest bitcoin forks that took place in October 2017 is Bitcoin Gold. The key reason behind the launch of Bitcoin gold has been to make bitcoin decentralized again.