It's all about CRYPTOCURRENCY!

Cryptocurrencies like Bitcoin have been developed with a new technology called Blockchain. They exist with Token, which provides many more features than money and is used for many different purposes than cryptocurrencies. Tokens are generated using Blockchain.

Bitcoin is most famous because it was the first cryptocurrency and the first Blockchain created. It has been in existence since 2009.

Bitcoin is a new type of currency/currency wise. In many ways, this is the opposite of cash. When you pay someone in cash, they may deny that you paid for them. When you pay someone with Bitcoin, Blockchain creates a permanent record that you pay them, automatically, without the need for people to become involved.

I think of Bitcoins as intelligent digital coins who know where they are stored, how they got there, who owns them, and their history.

Because Bitcoin is not the currency of any single country, Bitcoin's price is based on central banks and interest rates and inflation - on a country-by-country basis. The price of Bitcoin is primarily the result of changes in demand for them and supply them.

The reason Blockchain is important and that it adds value beyond the status quo is that it adds new capabilities:

1) A secure record of transactions.

For example, when an accountant makes a mistake and corrects it, Blockchain records the error and corrects it permanently.

2) Blockchain distributes its records worldwide in an innovative way making it difficult for bad actors to break or manipulate.

3) Blockchain prevents the development of token and coin systems that are free of charge or entity. This is true of Bitcoin, and the fact that no human or creature target is made more independent than Google or Facebook says if a government wants to force them to release private member information or control what they do/said the system.

4) The Smart Contract software used on the Blockchain automatically restricts and controls what is allowed on any particular coin the or token system automatically, 7 days, 24 hours a day.

What is the most exciting part about being in the Blockchain and Cryptocurrency space?

In my view, the application of Blockchain will increase productivity, security, economic growth, and democratic access in a very good way. This time reminds me of the early days on the internet. I see great potential.

I hope that you learn in this article. The comment section is open for everyone. You can add more if you know anything about cryptocurrency that I didn't add to this article.

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