Sentences with phrase «designed as an alternative currency»

Not exact matches

A crypto currency is an alternative currency that is designed to serve as a means of exchange between people and businesses that are willing to accept them.

Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an alternative to national currencies like the dollar, and commodity - based currencies such as gold or silver coins.

Bitcoin was the first ever «cryptocurrency» designed by Satoshi Nakamoto in 2008 as a decentralised alternative to fiat currency.

Bitcoin was designed largely to serve as an alternative to traditional currencies, operating on a peer - to - peer level outside of the scope of national borders and financial institutions.

It is a digital currency that was designed to act as an alternative to traditional money which is created and managed by a central authority.

And, just as some Bitcoin adherents see a digital currency as a desirable alternative to traditional fiat currencies, some of those opposing a change are simply opposed to change period, at least to changing anything specifically designed by Satoshi.