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Cryptocurrencies and Its uses !

11 8 exc boost
Avatar for Chomok15
Written by   46
11 months ago

Bitcoin, Ethereum, and other crypto have revolutionized how we invest, bank, and use capital. To learn more, read this beginner's guide.

Cryptocurrency is generally decentralized digital cash at its heart, built to be used over the internet. The first cryptocurrency was Bitcoin, which was released in 2009, and remains by far the largest, most popular, and best-known. Bitcoin and other cryptocurrencies such as Ethereum have grown in the decade since, as digital alternatives to money issued by government.

Photo Credit : Marta Blanco

Portability

Since your cryptocurrency reserves are not connected to a financial institution or government, they are open to you no matter where you are in the world or what happens to some big intermediary in the global financial system.

Transparence

Any transaction on the Bitcoin , Ethereum, Tezos, and Bitcoin Cash networks is made public, without exception. This means that there is no space for managing trades, modifying the money supply, or altering the mid-game rules.

Unreversibility

Cryptocurrency payments can not be reversed, unlike payment by credit card. For traders, this significantly decreases the risk of being defrauded. For consumers, it has the ability to make trade cheaper by removing one of the key reasons put forward by credit card companies for their high transaction fees.

Security of safety

The Bitcoin driven network has never been hacked. And the fundamental ideas behind cryptocurrencies help to make them safe: the systems are illegal and the heart is software is opensource.

Utility Programs

Cryptocurrency payments can not be reversed, unlike payment by credit card. For traders, this significantly decreases the risk of being defrauded. For consumers, it has the potential to make trade cheaper by removing one of the key claims that credit card companies make for their high transaction fees.

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Written by   46
11 months ago
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Comments

Good writing dear.keep it up.

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11 months ago

nice article...would you consider writing about how to safely store your crypto in a future post?

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11 months ago

Well written. Thanks for sharing dear

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11 months ago

You are always welcome

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11 months ago

Thanks for information dear

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11 months ago

Welcome dear...

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11 months ago

Great information about this article my Dear

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11 months ago

Thanks dear

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11 months ago

I am respectful dear

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11 months ago

😍

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11 months ago

Dear profile picture is your original 😎

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11 months ago