What are the differences between Cryptocurrency airdrop and bitcoins?

poppi

New member
Registered
Joined
Jul 21, 2018
Messages
2
Points
0
I am a total novice when it comes to e-currency. I wonder how they work, but recently I learnt a bit about cryptocurrency. I was told it's used for measuring online projects, and that before any online projects are established, they give out free coins. Are these coins the cryptocurrency? and what is the difference with bitcoins?
 

Daniel204

Active member
Registered
Joined
Jun 19, 2018
Messages
67
Points
8
Hi,
I would like to answer the question

Cryptocurrency

Cryptocurrency is a subset of digital currency that uses cryptography (converting plain text to encrypted text by using encryption when sending and reconverting to plain text on a receipt using decryption) to secure its transaction. It is a virtual currency with decentralized control and therefore no mediator like the bank.

Bitcoin

Bitcoin is a cryptocurrency and global payment system. It is the first decentralized digital currency. Its design is peer-to-peer and transactions are made directly between users, without intermediaries.

So, Bitcoin is a type of cryptocurrency. As in the case of paper money, the types are American dollars, Indian rupees, and so on. Bitcoin is often mistaken for cryptocurrency because it is the first and most popular cryptocurrency.

Airdrop

Airdrops have an open-ended crypto-monnaie free of charge on the process. Il s'agit d'une stratagegie de marketing mise en œuvre par startups bases de la chaîne de blocs afin d'atteindre de fouqué fatiques de la cryptographie. Crédits adoption des monnaies numerics and newcomers have a concept of crypto.

HTH!
 

TerranceM

Member
Registered
Joined
Jul 25, 2019
Messages
35
Points
8
Bitcoin is one of the most popular cryptocurrency so people often consider as a different thing but Bitcoin and Airdrop are the cryptocurrencies which are most popular. Which are also referred to as digital or virtual currency which does not have any physical existence.
 
Older Threads
Replies
3
Views
1,905
Replies
11
Views
5,312
Replies
4
Views
1,821
Replies
3
Views
1,921
Newer Threads
Replies
1
Views
1,368
Replies
29
Views
8,936
Replies
16
Views
2,717
Replies
9
Views
3,362
Latest Threads
Replies
0
Views
24
Replies
4
Views
205

Latest Hosting OffersNew Reviews

Sponsors

Tag Cloud

You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.

Top