Cryptocurrency - In other words, due to the revolutionary movements of netizens (people who use the internet / social medias), it can be considered as internet money.
From the history of the evolution of human money, we started with silver, gold and other metals as payment for the services and goods we wanted to get. This is followed by Fiat currency or the bills we use today. But because it is still a hassle when large or large transactions, you do not have to carry large amounts in your bag or pocket because the so-called debit and credit cards!
Therefore cryptocurrency is a way or payment for transactions that you do not need money.
How is cryptocurrency formed?
Cryptocurrency is formed in the so-called cryptography program or blockchain. Secure program that cannot be forged and goes through many codes. As a result, transactions between people without transaction fees will be faster because they are decentralized, meaning they are not controlled by banks and the government.
What are the types of cryptocurrency?
BITCOIN- The first type of cryptocurrency is the so-called bitcoin. The mother of cryptocurrencies. It started this afternoon with the name Satoshi Nakamoto according to the majority that no one knows who he really is. It started with a penny of value, until it was enjoyed by many people today.
The value of a bitcoin today is almost as much as One million pesos. That is why many people are now investing in this currency believing that it will raise its value far.
With the advent of Bitcoin, various other types of cyptocurrencies such as Ethereum, Litecoin and many others have followed. They have their own functions that can be used in the future.
How to get cryptocurrency and where to hide it?
You can have bitcoin and other coins by buying it from people (peer to peer transactions) or at online exchanges that sell it. You can also get it through so-called mining or mining it using computers.
After you purchase it, you will store it in your wallet address which can be obtained online. Where verification processes are required for it to be more secured.
After that, you can use it to pay for people and goods or services that accept bitcoin and other cryptocurrencies. Many countries now support it.
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