Welcome to the Frequently Asked Questions (FAQ) section about Crypto Currencies within our Technology Community. Here, you'll find answers to common questions regarding cryptocurrencies, their technologies, and the community around them.
What are Crypto Currencies?
Crypto currencies are digital or virtual currencies that use cryptography to secure transactions and to control the creation of new units. Unlike traditional currencies, they are not controlled by any central authority.
Are they secure?
- Yes, they are designed to be secure using cryptographic techniques. However, like any technology, they are not immune to vulnerabilities.
How do they work?
- Crypto currencies operate on blockchain technology, a decentralized ledger that records all transactions across a network of computers.
Common Concerns
What is a blockchain?
- A blockchain is a distributed ledger technology that enables a network of computers to maintain a continuously growing record of data, in a way that is secure from alteration.
Can crypto currencies be used for illegal activities?
- Like any financial tool, crypto currencies can be used for both legal and illegal activities. However, the blockchain's transparency often makes it harder to use for illegal purposes.
Community Resources
- For more information on blockchain technology, you might find our Blockchain Basics guide helpful.
Join the Community
If you have more questions or want to join discussions, consider visiting our Technology Community Forum. You can also stay updated with the latest crypto currency trends by following our Crypto Currencies Blog.