What are the differences between Cryptocurrency airdrop and bitcoins?

poppi

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Jul 21, 2018
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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

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Jun 19, 2018
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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!
 
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