What is the explanation of kryptowährung in the context of digital currencies?

3 answers

• cmotanya2012Dec 19, 2020 · 4 years ago
  Kryptowährung, or cryptocurrency in English, refers to a digital or virtual form of currency that uses cryptography for security. It operates independently of a central bank and is decentralized in nature. Unlike traditional currencies, kryptowährung relies on blockchain technology to secure transactions and control the creation of new units. It offers a high level of transparency and immutability, making it resistant to fraud and manipulation. Some popular examples of kryptowährung include Bitcoin, Ethereum, and Litecoin.
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• ellieeeistSep 20, 2023 · 2 years ago
  Kryptowährung, also known as cryptocurrency, is a type of digital currency that utilizes cryptographic technology for secure transactions. It is not controlled by any central authority, such as a government or financial institution. Kryptowährung operates on a decentralized network called a blockchain, which ensures transparency and prevents double-spending. Unlike traditional currencies, kryptowährung is not physical and exists solely in digital form. It offers various advantages, such as fast and low-cost transactions, global accessibility, and potential for investment and speculation.
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• Hessellund EgelundMar 22, 2025 · 3 months ago
  Kryptowährung, commonly referred to as cryptocurrency, is a digital or virtual currency that uses cryptography for security. It is a decentralized form of currency that operates on a technology called blockchain. Kryptowährung transactions are recorded on a public ledger, ensuring transparency and preventing fraud. Unlike traditional currencies, kryptowährung is not issued or regulated by any government or financial institution. Instead, it is created through a process called mining, where powerful computers solve complex mathematical problems. Kryptowährung has gained popularity due to its potential for financial privacy, security, and the ability to bypass traditional banking systems.
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