Cryptocurrencies are currently attracting a lot of media coverage due to the rapid increase in the value of the Bitcoin. However, few people really understand what cryptocurrencies are. What are cryptocurrencies Conventional currencies such as the pound or the euro are physical currencies whose value is backed by the bank of the issuing country. This backing provides a guarantee that physical currency will be accepted as a form of payment in banks and for goods and services. A cryptocurrency is not backed by a central bank. It is a digital currency that is exchangeable online between users. This exchange works…
Cryptocurrencies for Dummies









