30.05.2024, 06:50
Crypto currency: a means of exchange
Before we discuss one of the characteristics of crypto, we must first know what crypto is, as it is considered a digital asset used by merchants to barter their goods, so it is similar to money, but in a digital way, and the crypto currency has 3 basic characteristics to consider it a digital means of monetary currency, and these characteristics are: -
ما هو الكريبتو
A means of exchange: Crypto currency is used to facilitate various types of exchange, so you can use it to pay for services or goods.
Unit of account: Using the crypto currency, you can measure the value of various services and goods. This makes it easy to measure the value of services against their equivalent other services through intuition.
Preserving value: Over time, the value of goods and things decreases, so currencies must be able to maintain their market value for a long time so that the holder can use them to exchange between goods. As a result of the limitations of its currencies, the crypto currency is considered a large store of value.
When we talk about what is crypto, we will definitely talk about Bitcoin, which is considered one of the first crypto currencies to be created. It is a decentralized encrypted currency. It is used as a digital substitute for money and is transferred from one person to another. It is not controlled by banks, governments, or intermediaries, and after a crypto trading platform was created. Crypto currencies have become available in a large number of more than 2,100 digital currencies used in trading on global trading platforms, and there are thousands of other currencies, but they are not listed on the platform and did not receive great promotion for their spread.
Before we discuss one of the characteristics of crypto, we must first know what crypto is, as it is considered a digital asset used by merchants to barter their goods, so it is similar to money, but in a digital way, and the crypto currency has 3 basic characteristics to consider it a digital means of monetary currency, and these characteristics are: -
ما هو الكريبتو
A means of exchange: Crypto currency is used to facilitate various types of exchange, so you can use it to pay for services or goods.
Unit of account: Using the crypto currency, you can measure the value of various services and goods. This makes it easy to measure the value of services against their equivalent other services through intuition.
Preserving value: Over time, the value of goods and things decreases, so currencies must be able to maintain their market value for a long time so that the holder can use them to exchange between goods. As a result of the limitations of its currencies, the crypto currency is considered a large store of value.
When we talk about what is crypto, we will definitely talk about Bitcoin, which is considered one of the first crypto currencies to be created. It is a decentralized encrypted currency. It is used as a digital substitute for money and is transferred from one person to another. It is not controlled by banks, governments, or intermediaries, and after a crypto trading platform was created. Crypto currencies have become available in a large number of more than 2,100 digital currencies used in trading on global trading platforms, and there are thousands of other currencies, but they are not listed on the platform and did not receive great promotion for their spread.
