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.
Cryptocurrencies
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 Huobi, Coinbase 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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