What is bad about Bitcoin?
By no means are cryptocurrencies the only asset to be hacked by thieves, but there are serious fraud and theft concerns that accompany bitcoin. For instance, novice bitcoin investors may not understand the need to store their tokens in a digital wallet, thereby leaving them susceptible to theft by hackers.
What is Cryptocurrency simple words?
A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography (the science of hiding information). … Cryptocurrencies use ‘decentralized control’, which means that they aren’t controlled by one person or government.
Are you crypto friendly meaning?
1 : a person who adheres or belongs secretly to a party, sect, or other group. 2 : cryptography sense 2. crypto. adjective.
Is crypto a word?
The word ‘crypto’ comes from the Greek word kruptós, meaning ‘hidden’ or ‘secret’. … ‘Crypto’ is simply a prefix. It does not mean ‘cryptography’, because ‘cryptography’ means hidden writing, and ‘cryptocurrency’ means secret money (or secret Lambos for those most invested in the culture).