How Digital Currency Works and What Makes them different ?

     Today we're discussing digital currency cash is the cash, that is being used in a given country at a certain time , but what about the crypto part .

Well crypto is a prefix meaning hidden or secret , it comes from the word cryptic which means mysterious or difficult to understand . you may have heard about the most popularcryptocurrency . At the moment the Bitcoin well I've absolutely heard the name , yet I can't say I know what it is first our quiz question .

Digital Currency First created

The Bitcoin crypto currency first created is it a 2004 B 2009 or C 2013 , well I think 2004 may have been a little early , and I think 2013 could be a little late . So the smart money's on 2009 we'll see if you're right later on in the show , so Bitcoin what do you know about it . 

Well I know it's a digital currency , so presumably you can use it online to buy things you are right on the money , which means correct both times bitcoin is just like any other currency , except for two things to begin with it's not printed by governments , or banks which implies that it's not legal tender .

Legal tender means the official money that can be used within a country , so that means we can't use it to pay taxes , or settle debts right exactly governments won't recognize it as an official currency , although it acts just like one you can use it to purchase things from any individual , who will acknowledge it and its esteem vacillates varies implies changes in level or sum .

How Digital Currency and bitcoin Works ?

The bitcoin is a digital currency meaning that with the exception of a few tokens , it largely exists online , only you can't convey a heap of bitcoins around in your pocket . Well that rolls out a decent improvement out , so if it's a computerized as it were currency , where do new ones come from . 

You see even though bitcoin is not controlled by a bank , or government despite everything it has a procedure that prevents individuals from cheating , there are only two ways to get bitcoins you either trade them from someone , or you go mining I'll wait and I've heard about this this is , when you use your computer to run calculations which verify other Bitcoin transactions . 

The Easy Way to Earn Money

You get rewarded for this work by acquiring bitcoins , it's cash for old rope which would not joke about . This is an easy way to earn money , I'm going to start mining immediately well you wouldn't be the only one bitcoins value has recently gone up quite a lot , and this has caused a lot of enthusiasm .

for certainty one stock trade in Chicago has started exchanging Bitcoin fates , gets a prospects get what's that , I'll let BBC correspondent Rory Kaitlin Jones explained that , the futures contract a bet on where the currency will be a month from now , soared above 18,000 dollars that means investors believe Bitcoin which started the year worth under $1000 , will continue to rise in value albeit at a slower rate . 

However , at the enormous banks there's still a lot of incredulity about the cash , took off in this setting implies expanded rapidly .