A Cryptocurrency Or Crypto Currency Is A Digital Asset.
Cryptocurrency or Crypto is designed to work as medium to allow people to exchange this for money or products or services. This normally means it a digital currency but you can now it many shops or businesses around the world now to make using this much more simple.
What does decentralised mean?
In the traditional sense of bank it works like this all the things done by the bank is controlled by the chairman person and directors and shareholders and other people meaning they can put up interest rates or changes things whenever they want too means corruption can happen anytime or them make changes which destroy people life’s .
Decentralised is better because no one controls it directly so no one can put up the prices whenever they want meaning you have much more security and flexible than you do with a standard bank.This also means you are in full control since your bank can’t shut down your account or steal your money like many traditional banks do and by taking out of the process a leader or owner this stops greed taking over someone mind as well. The distributed ledger technically called a blockchain serves as public financial transaction database and was released a open source software back in 2009. Bitcoin was the first cryptocurrency on record and since over 4000 alternatives coins have being created.
The creator of this system was meant to be a Japanese man called Satoshi Nakamoto .
Most virtualcurrencys are designed to gradually decrease production of currency which places a cap on the total amount of that currency that will be allowed to enter into circualation.
mining is a validation of the transactions.
What can you actually use this for?
A safe way to store your money since if you store into this kind of system only you can take the money out meaning you are in full control so much safer than banks.
Make big money by buying this when it’s cheap then selling it when it’s price goes up next and keep on doing it so you keep on getting paid money every month by doing this you can make anything from a few $100’s to much more like $10,000 a month from it so it can become a full time job if you wanted to do it in major way.
Say you want a holiday say you live in the UK and you want a holiday to America you could easy buy and sell this right and get holiday every year just by you investing right into this area.
Buying a house using this can be done quite easy since by you investing this style your money much more safe than others forms since having no greedy people involved in money payment system means security can be amazing here so you don’t have to worry about anyone trying to steal your money or shutting down your account so if you invest right you could easy buy a house between 1 to 2 years by doing the right trading.
Some people still don’t understand this which does make sense this came out of no where it was never like taught in school or jobs so I hope this article will help you understand it better.https://www.technologytimes.pk/cryptocurrency-digital-asset/https://i2.wp.com/www.technologytimes.pk/wp-content/uploads/2018/06/pexels-photo-844127.jpeg?fit=525%2C350&ssl=1https://i2.wp.com/www.technologytimes.pk/wp-content/uploads/2018/06/pexels-photo-844127.jpeg?fit=150%2C150&ssl=1ArticlesCryptocurrency Adalah,Cryptocurrency Algorithms,Cryptocurrency AnalysisCryptocurrency or Crypto is designed to work as medium to allow people to exchange this for money or products or services. This normally means it a digital currency but you can now it many shops or businesses around the world now to make using this much more simple. What does...Blair UrquhartBlair Urquhartmurdourquhart242@gmail.comContributorTechnology Times