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What is the blockchain for cryptocurrency?

Discussion in 'Bitcoin Discussions' started by Mike_jones, Dec 21, 2018.

  1. Mike_jones

    Mike_jones ECZ Newbie

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    You and me are sitting on a bench in a park, we decided to exchange 100USD, 5 other friends present in the park works as a proof that we have made the exchange.
    Cryptocurrencies eliminate the need of a centralized 3rd party(banks) for transferring money.
    Cryptocurrencies run on Blockchain, which is a decentralized ledger where many people who are part of the network makes sure that a transaction is done between me and my friend.
    Hope I have made it clear to you.
     
  2. Amit gosh

    Amit gosh ECZ Newbie

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    goog example
     
  3. Mike_jones

    Mike_jones ECZ Newbie

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    If you are interested in buying any cryptocurrencies, you can have a look at Coinswitch. co