cryptocurrency

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Avatar for flourishdon
3 years ago

What is cryptocurrency? It is a decentralised digital asset or currency which can serve as a medium of exchange.

The first ever cryptocurrency was found in 2009 and ever since has made progress in value it was at 0 dollar value in 2009 but today it's worth ove 38 thousand dollars..there are a lot of cryptocurrency in the market today ranging from Ethereum,bitcoin cash , ripple,yearn finance e.t.c

Cryptocurrency has one of the largest market capacity in the world as of today and can be trade on different cryptocurrency exchanges like binance. To start up in cryptocurrency you should read about cryptocurrency and not to invest all your money in them.

How and where to store cryptocurrency

Crypto currency are stored in crypto wallet ,
The three major types of crypto wallets are hardware, software, and paper wallets. Based on their work, they can be further classified as cold or hot wallets. Software-based wallets are more accessible and more convenient, whereas hardware ones are most secure.

Hard ware wallets are wallets that are stored offline,the device looks like a USB. Paper wallet are physically printed QR codes form wallet.The codes can be scanned to ascertain the value of the wallet.Hot wallets are wallets that can be downloaded on mobile phones ,desktops or laptops.

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