Friday 8 May 2020

What is Cryptocurrency?

What is Cryptocurrency ?
Cryptocurrencies can be used to buy goods and services 
like any currency or you can trade them for profit

Cryptocurrencies are digital
unlike other currencies.
You’ll need to exchange real currency for the cryptocurrency
 to access the good or service.

How do cryptocurrencies work? 
Cryptocurrencies use decentralized technology to let users
 make secure payments and store money 
without the need to use their name or go through a bank. 

work using a technology called Blockchain

What is Blockchain?
=> A decentralized technology spread across many computers that 
manages, store information and records transactions
 updated and held by currency holders. 
=> Can be more secure than traditional payment systems.

Units of cryptocurrency are created 
through a process called mining,
which involves using computer power to solve
 complicated cryptographic puzzles that generate coins.

 Users can also buy the currencies from brokers, then store and 
spend using cryptographic wallets.

The most popular Cryptocurrency
trading apps are Binance.
Following by  HuobiCoinbase and more.
Binance an international cryptocurrency exchange
one of the largest and popular cryptocurrency exchange in the world
 in terms of trading volume.

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