Welcome to the World of Cryptocurrency: The Definition

Personally, I'm not an expert in this field, but I wrote this article since I want to convey my thoughts about what I read on Google Play Books. Moreover, if you want to know the title of the book that I'm referring to, the book is entitled “Cryptocurrency The Ultimate Guide to The World of Cryptocurrency and How I Became a Crypto Millionaire in 6 Months”. Supposedly, I learned a lot of information when I read the book, and I hope that I learned from this article. Basically, this article is like a reflection paper thingy.

Have you ever been wondered what is the real definition behind the true color of cryptocurrency? Although some of us are already engaged in this kind of field since we are all writer for the reward of BCH, we couldn't help but to agree that we are not yet knowledgeable enough to adapt this kind of market. We must need to learn and adapt more, especially we are vulnerable to fraud, hack, parasites, or virus since this kind of instrument pertains about money which is reasonable enough to get the predators fascinated or enticed. On the other hand, do you think that there's a crazy person who only want to lose his money in just a snap, right?

Basically, our physical negotiations are currently changing and fading as the time goes by, particularly we are currently living in this digital and modernized world. Evidently, instead of paying our courier through fiat when we are ordering online, few of us will just pay through our electronic wallets such as GCash, PayMaya, or coins.ph, so we can ensure that our transactions and health is 99% safe.

On the other side, are you wondering what is the real meaning of the digitalized asset, if we will refer it to it's simple etymology? Additionally, what do you think is the message behind those two words? Moreover, I think that I should explain it simply, and I just want to inform you that I'm not great on this field. Maybe I have experience, but I think that it is not an adequate reason to call myself as a self-proclaimed expert.

Fundamentally speaking, cryptocurrency is a digitalized form of money which we can basically use for our daily economic transactions without employing any paper bills. Furthermore, one of the best example of bills that I'm referring to are Philippine Peso, United States Dollar, Singaporean Dollar, etc. On the other hand, the word cryptocurrency singularly derived from the two Greek words and those are “crypto” and “currency” which we commonly know today as a “cryptocurrency”.

Personally, I thought that the word crypto doesn't have a particular meaning, but I was certainly wrong. Oh, I thought that word doesn't have a specific meaning. Definitely, the word crypto means “to be private”, and I just knew it after my six months of existence in this digitalized world. However, did you know that there is a black magic upon that word? If you were curious, let me explain.

Are you familiar with Cryptogram app which you are just obliged to decipher the words to form a motivional quote? Well, if you have been gained a clue on how to use it, then you already have an idea on how the cryptocurrency forms. To be simple, cryptic is a term to generate a mysterious and infamous meaning, and I hope you comprehend what I'm attempting to say since I'm foolish.

Since these codes are needed to be solved, we abruptly need a field of study to solve it, and that's how the cryptography is trying to tell us. Likewise, cryptography is a study of deciphering codes to observe their real definition and that's the reason why our identity as a negotiator is certainly safe.

Supposedly, I think that you already know what is the meaning of currency, and that is certainly a way to exchange the value to another by means of goods and services.

In conclusion, cryptocurrency is the encoding of data transfigured to exchange value using a mysterious code. I think that this article is a bit informative, I guess?

Because I've been already discussed the meaning behind the world of cryptocurrency, I think that I should end this for now. Maybe I will continue this article upon its advantages and disadvantages, and I think need to read more. Sorry for imperfect article.