A basic little guide to the world of cryptocurrencies. My first post!

Hello, Read.cash community. My name is Junior and this is my first post, in which I will give a little basic review of what is this world of cryptocurrencies, I hope I can help someone!

What is a cryptocurrency?

Cryptocurrency is a virtual currency with a greater benefit than the conventional monetary system. This is because the exchange of goods and services is facilitated and made safer by being carried out directly without any intermediary type through a transaction system.

These are decentralized do not have control of a specific bank, state or entity, transactions can be made anywhere in the world and having the same value guided and maintaining the anonymity of its carriers.

Although there are a large number of cryptocurrencies on the market today, it was the "Bitcoin" created under the pseudonym Satoshi Nakamoto that initially got a bigger boom, so it is currently still at the top of these markets, along with other cryptocurrencies such as the Etherum, LiteCoin, DogeCoin, Monero and of course Bitcoin Cash, cryptocurrency which handles this precious platform.

All these cryptocurrencies are stored in our Wallets, a system associated with a virtual address, where we can keep our cryptocurrencies secure and make direct and registered transactions on a Blockchain or make a currency exchange market cryptocurrency through an Exchange.

The Exchange is similar to the stock exchange as stocks are exchanged for money. Speaking specifically of Bitcoin, the platform offers the service of swapping this currency for local currencies.

All movements are recorded in the Blockchain. It contains information regarding the relative transactions of a period, the cryptographic address of the previous block and a unique arbitrary number, it would look more or less like this:

These are basic concepts for a wealth of information that can be known regarding the world of cryptocurrencies, the financial system that is innovating in the world.

All this information was collected under small personal research incentivized to understand a little more about the virtual financial world, I hope that the information will be helpful and beneficial to you as it was for me.

Good vibes!