CRYPTOCURRENCIES - INTRODUCTION

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Cryptocurrencies,


otherwise known as "digital money" or just "crypto" is a digital payment system located on a scripted data string known as "the blockchain". In simple words, crypto is just digital money that you can buy for real money, and use however you want. Crypto is not controlled by any higher figure or institution such as countries, banks, etc, and that is what makes it so special. Its real value can't be determined by anything and anyone except people. Cryptocurrencies exchange rate varies depending on, just like normal currencies, demand and supply. The higher the demand and the smaller the supply for a given cryptocurrency, the higher its price will be. Some cryptocurrencies have a limited amount of them available. I am sure you have heard about Bitcoin - if not then educate yourself - but you probably didn't know it has limited amount available on the market which is, 21.000.000. Actually there aren't 21 million Bitcoins available on the market yet, but there will be, in the future, when they will be mined. 

It is impossible to describe the whole concept and idea of crypto in one post. I am sure you don't understand some phrases I used, it is OK, this post is just an introduction to the whole crypto world. In the next post we will dive into the details and talk about, what actually is "the blockchain"? Wait for more posts to find out more about the future of money. 





source: kaspersky

Komentarze

  1. englishdiary1 marca 2022 13:10

    Where is the link to your source?!

    OdpowiedzUsuń
    Odpowiedzi
    1. Olivier Grzanko5 marca 2022 13:00

      I'm sorry. I've already had the knowledge for this post, but I understand your irritation. I linked a very good blog that explains the same topic in a similar way. I promise it won't happen again.

      Usuń

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