What is the purpose behind the creation of cryptocurrency?

3 answers

• Dec 19, 2021 · 3 years ago
  Cryptocurrency was created to provide a decentralized and secure form of digital currency that is not controlled by any central authority. It aims to eliminate the need for intermediaries such as banks and enable peer-to-peer transactions with lower fees and faster processing times. The purpose is to empower individuals with full control over their financial transactions and protect against fraud and censorship.
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• Dec 19, 2021 · 3 years ago
  The creation of cryptocurrency was driven by the desire to address the limitations of traditional fiat currencies, such as inflation and government control. It offers an alternative financial system that is based on cryptographic technology and operates on a decentralized network called blockchain. The purpose is to create a more transparent, efficient, and inclusive financial ecosystem that can be accessed by anyone with an internet connection.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the purpose behind the creation of cryptocurrency. It acknowledges the potential of digital currencies to revolutionize the financial industry and provide individuals with greater financial freedom. BYDFi is committed to supporting the growth and adoption of cryptocurrencies by providing a secure and user-friendly platform for trading and investing.
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