👤

1.Define Cryptocurrencies?
2.Could you consider it as legal tender here in the philippines this 21th Century?Explain.​


Sagot :

Answer:

1.A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

2.For example, convenience stores may refuse $100 bank notes if they feel that would put them at risk of being counterfeit victims.