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What is cryptocurrency ?!!! by michaelmorcos

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· @michaelmorcos · (edited)
$19.22
What is cryptocurrency ?!!!
![22.png](https://steemitimages.com/DQmce2htWJD79f2VZUep8Ntc6aTB2Kq4D48KXJhfFkrkGWD/22.png)

The world of finance and business is a very complex world, which is complicated by its high correlation with the advanced technology that walks at the speed of lightning and generates every day wonders that the mind can not believe. Among these wonders are digital currencies(crypto currency). What is the reality of these digital currencies and their usefulness?

What is the digital currency Cryptocurrency?
![994.jpg](https://steemitimages.com/DQmWb6kai3W2yG1GJtytT5TsY6jDd1MjqX474UEQosopWgR/994.jpg)

Are fully encrypted digital currencies based on the principle Peer to Peer and means the direct interaction between the two without the existence of intermediary behind it or control the price and is the goal that I created for it from the outset, where I want it to be a free currency Controlled by the aim of liberalizing the economy and removing the traditional currency of the currencies controlled by several parties. Digital currencies are currencies designed primarily to trade in the virtual world of the Internet, but this does not prevent them from having a strong value on the ground where you can buy anything and convert it to any paper currency you want.

How the digital currency appeared?

The invention of the first digital currency, Bitcoin, is attributed to a Japanese person named Satoshi Nakamoto. In 2008, this unknown person published a research paper in which his idea of ​​using digital money was described as an electronic financial system that relies on direct interaction between users without intermediary. The first launch of Bitcoin's digital currency was in 2009, when Nakamoto released an open-source program licensed by MIT. The transaction system for this currency is based on two things: the first is the electronic signature of each property of the currency, The second is the Block Chain system, which is a huge record to record all transactions in this currency and track their history since they were created in databases that can not be tampered with.

How to create a digital currency?

![88.jpeg](https://steemitimages.com/DQmcCByAxnx57s2JqLfu7H19DW2BsRh2x1AfSzwsGWsvGnn/88.jpeg)

The digital currency is formed by open-source software that enables anyone anywhere, anytime, to review the code and start producing digital currencies through free special software that solves complex calculations called mining. By digging for gold, for example, where people are digging in the ground to access gold and in the digital currency we are drilling in the calculations and algorithms Algorithm to obtain some currencies, but it has become difficult for individuals recently as he and with the large turn on the digital currency has become Exploration p They require very sophisticated and expensive means, so big investors start to invest their money in mining companies and provide this service to individuals.

Who controls and manages the digital currency?

![224.jpg](https://steemitimages.com/DQmRME6oBBMbKv7QfUqJe7YK23aZ66zCLbMGtwB8mZHm4vc/224.jpg)

No one can control the digital currency technology except the users themselves are spread all over the world, as the people's demand for currency and the recognition of traders are the main players in the value of currency, as it is not subject to no state or party or bank. People and people.

Currency Revolution Figure on the traditional financial system?

![11.png](https://steemitimages.com/DQmZ3AE8Vi2UCL7dv2oUo1VNC6WUrkmfuSuhxMa1eUccBwQ/11.png)

All know the complexities and costs of the traditional financial system as banks are mainly the role of mediator between investors and savers and borrowers and the work of banking experts to circulate the people's money for them in exchange for very generous commissions, which made the banking institutions to collect large sums of money re-lending to people and bodies at a great benefit, Which has become a number of questions about the fairness and legitimacy of banking systems and the huge numbers resulting from financial intermediation by banks and here reflects the strength of the alternative to the digital currency as it eliminates all these burdens and complexities in being completely independent, and not subject to any party and Adtha are directly without the need for mediator also, that the transfers are made electronically and quickly without the need to fill any papers or checks, and many other advantages, and all this in exchange for simple administrative commissions received by the Governor.

![66.png](https://steemitimages.com/DQmWd2z9TTE5U7yK1MvLRWCjTRcXqLhzCpLqHssELZknwx1/66.png)


*    If you find this post useful please Resteem it to benefit others

![66.png](https://steemitimages.com/DQmWd2z9TTE5U7yK1MvLRWCjTRcXqLhzCpLqHssELZknwx1/66.png)

![12356.gif](https://steemitimages.com/DQmNsZAckGSfAqqg1i8mEhzg3Zd8utHXUdkkz76kFYCDQH9/12356.gif)

![66.png](https://steemitimages.com/DQmWd2z9TTE5U7yK1MvLRWCjTRcXqLhzCpLqHssELZknwx1/66.png)

![5468.gif](https://steemitimages.com/DQmVPWbbzTytEhNmz5Hbi6BnuMzrtSRWDBCeMJHPdqSo8tW/5468.gif)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 257 others
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@amfid4846 ·
Btw, no one knows who is Satoshi, maybe he is a group of people, or else.
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@harrywolton ·
hahha , no sir,    Sir Satoshi who created Bitcoin :P
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@appreciator ·
<p>This post has received gratitude of 35.48 % from @appreciator thanks to @michaelmorcos.</p>
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@boomerang ·
This post has received a 8.3 % upvote from @boomerang thanks to: @michaelmorcos<br><br>@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read <a href="https://steemit.com/steemit/@boomerang/boomerang-a-new-steemit-bid-bot-for-all-steemians-whitepaper">the @boomerang whitepaper</a>.
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@booster ·
<p>This post has received a 9.47 % upvote from @booster thanks to: @michaelmorcos.</p>
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@boostupvote ·
https://www.imageupload.co.uk/images/2017/10/30/U5dsaEv4gTCmAAtc2v9wh4TfTEFrTMu_1680x8400.png
👍  
👎  
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@drotto ·
<p>This post has received a 0.28 % upvote from @drotto thanks to: @banjo.</p>
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@followforupvotes ·
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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@harrywolton ·
great revolution for improvement of money
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@michaelmorcos ·
thnx
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@harrywolton ·
Thanks sir,
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@hdmed ·
Thank you @michaelmorcos, i appreciate it!
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@hrsh ·
Nice information plz upvote me
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@lrd ·
It is not late to start with cryptos, the big explosion has yet to come.
👍  
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@fechaugger ·
It's not to late to invest in apple, amazon and Microsoft either. 
But 20 years ago would have been a way better time to step in.
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@lrd ·
Totally agree.
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@mdo ·
Awesome Post, Keep it up!
👍  
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@michaelmorcos ·
Ty :)
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@minnowbooster ·
@minnowbooster upvoted this post!
![Calling @originalworks :)](http://minnowshares.net/upgoat/?user=michaelmorcos&receiver=michaelmorcos&sender=minnowbooster&value=4.18&hash=175)
*<sub>img credz: pixabay.com</sub>*
*Nice, you got a 2.0% @minnowbooster upgoat, thanks to @michaelmorcos*
*Want a boost? [Minnowbooster's](https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta) got your back!*
    
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@originalworks ·
originalworks
The @OriginalWorks bot has determined this post by @michaelmorcos to be original material and upvoted(2%) it! 
<center>![ezgif.com-resize.gif](https://steemitimages.com/DQmaBi37A5oTnQ9NBLH8YU4jpvhhmFauyvgg3YRrEJwskM9/ezgif.com-resize.gif)</center> 

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
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@minnowbooster ·
@minnowbooster upvoted this post!
![Calling @originalworks :)](http://minnowshares.net/upgoat/?user=michaelmorcos&receiver=michaelmorcos&sender=adept&value=1.52&hash=705)
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👍  
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@minnowpond ·
@alchemage has voted on behalf of @minnowpond. 
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond. 

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@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by michael from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>
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@morwhale ·
This post received a 31% upvote from @morwhale team thanks to @michaelmorcos! For more information, [click here](https://steemit.com/@morwhale)! , [TeamMorocco](https://steemit.com/@teammorocco)! . 
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@qurator ·
<center>Qurator</center> | <center>Your Quality Content Curator</center>
-|-|
![](https://steemitimages.com/DQmNzJZFNXnViq9Ebmccf3rLi7kiYrcHFnFqeKK7QnWYtRs/COMMENT.png) | This post has been upvoted and given the stamp of authenticity by @qurator. To join the quality content creators and receive daily upvotes click [here](https://steemit.com/qurator/@qurator/qurator-update-cheaper-tier-access-and-increased-registration-fee) for more info. <center><sup>Qurator is proudly  supported by @reggaemuffin, vote for him as a witness [here](https://steemit.com/witness-category/@reggaemuffin/witness-reggaemuffin).</sup></center>
👍  , , ,
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@reblogger ·
Whatever @resteembot resteems, I resteem too!
I am a new, simple to use and cheap resteeming bot
I will automatically resteem posts resteemed by @resteembot until 2017-12-26 00:00:01 +00:00
If you want to read more about me, [read my introduction post](https://steemit.com/resteembot/@reblogger/reblogger-new-resteeming-bot-based-on-resteembot).
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@resteem.bot · (edited)
<a href="https://steemit.com/steemit/@resteem.bot/resteem-bot-version-2-0-banana-dont-t-forget-the-point"><img src="https://steemitimages.com/DQmdKQnXCgKtC3qtJwBivYTUVuv44sGXQt9BGxRbZub4V4y/Resteem%20Bot2.png" alt="@resteem.bot" /></a>
Resteemed to over <b>5700 followers</b> and <b>100% upvoted</b>. Thank you for using my service!

<b>Send 0.100 Steem or 0.100 Steem Dollar and the URL in the memo to use the bot.</b>
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@resteem.bot
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@resteembot ·
Resteemed by @resteembot! Good Luck!
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@rk786 ·
I hv upvote u please upvote and follow me
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@screenname ·
Re: What is cryptocurrency ?!!!
<p>This post has been ranked within the top 50 most undervalued posts in the first half of Oct 30. We estimate that this post is undervalued by $20.04 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-oct-30---part-i">The Daily Tribune: Oct 30 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@sexualhealing ·
beautiful information ! i liked it !
👍  
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vote details (1)
@michaelmorcos ·
Thnx
👍  
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vote details (1)
@sleeplesswhale ·
<p>This post has received a 50.00 % upvote from @sleeplesswhale thanks to: @michaelmorcos.</p>
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@stea90 ·
Good info, nice job!
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@michaelmorcos ·
Thank you :-)
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@steemthat ·
<p>This Post Has Been Quality Verified By @steemthat Promotion Services. This post has received a 50.00 % upvote from @steemthat Return the favor and SteemThat Person Back: @michaelmorcos.</p>

<center>https://steemitimages.com/DQmZw4medr3qdK1Ag3roZZibRMjtebVd9zfi9RfdQdSHhz4/SteemThat%20Tokens.png
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@upgoater ·
<p>This post has received a 36.36 % upvote from @upgoater thanks to: @michaelmorcos.</p>
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