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What is a Cryptocurrency - Myguideout

I am on my crypto journey and I will be sharing as I learn. Today let's start with what Crypto-Currencies is. The Definition History of Cryptocurrency What's the Essence of Crypto-Currency (Uses) Most Common Crypto-Currencies How to Own A Crypto-Currency **Lesson 1: The Definition** Crypto currency is Simply a virtual form of currency designed to make exchange easier, secured and decentralized. With cryptographical functions, it is used on the internet as a medium of exchange built on a blockchain technology for more transparency and immutability. **Lesson 2: The History of Crypto currency** The journey of Crypto never started today but dated back to the 90's In the 90's, during the tech boom, there were several attempts on creating a virtual currency which crash after several efforts. Systems like Flooz, Digicash and several others emerged on the market but failed due to some reasons, which some of them included; Fraud, dis-concord within partners.... A more major reason to the failure was traced to the centralization of the currency. A anonymous programmer or {Programmers} emerged in 2009 under the alias Satoshi Nakamoto and introduced **Bitcoin** **Lesson 3: Most Common Crypto-Currencies** Bitcoin Etherium Bitcoin Cash Litecoin etc... **Lesson 4: What's the Essence Of Crypto currency (Uses)** Make Purchases For Investment purpose Mining and lots more... **Lesson 5: How to own a Crypto currency** Crypto currencies can be purchased from trusted crypto platforms like Bitcoin.com and others. One can mine Crypto-Currencies from Crypto mining platforms. You can play games You can own a Crypto currency by reading peoples articles and equally from writing yours You can earn a Crypto currency from faucets and reviews. Conclusion At the end, I believed you've had a little idea about what a Crypto currency is. You can subscribe to get notified when the next topic **10 Most Common Crypto Currencies.**

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