(1/10) The hype and effusion of #crypto has been crazy in the past few years. There are still aspects that remain obscure to most people. We unroll the mysteries of crypto in this thread. ๐ง๐ฎ๐งต
Learn More ๐
medium.com/zignaly/llts09โฆ
Learn More ๐
medium.com/zignaly/llts09โฆ
(2/10) What is #cryptocurrency? โก
Cryptocurrency is a #decentralized #digitalasset that exists on the blockchain. ๐ It is not controlled by any authority but solely belongs to its owner.
#Crypto being decentralized implies that it runs on a peer-to-peer relationship. ๐ค
Cryptocurrency is a #decentralized #digitalasset that exists on the blockchain. ๐ It is not controlled by any authority but solely belongs to its owner.
#Crypto being decentralized implies that it runs on a peer-to-peer relationship. ๐ค
(3/10) There is no need for a third party to intervene in a #transaction; it is based on a peer-to-peer relationship.
The currencies are stored in virtual platforms called #digitalwallets. But why are #cryptocurrencies named like this? ๐ค๐ฑ
The currencies are stored in virtual platforms called #digitalwallets. But why are #cryptocurrencies named like this? ๐ค๐ฑ
(4/10) The reason is that these assets are #encrypted and reliable. An advanced coding mechanism ensures the security of #transactions and the assets that users own. ๐จโ๐ป
(5/10) #Crypto started in 2009, and the first coin to be traded was #Bitcoin.
To this day, it enjoys considerable fame and success. Cryptos enjoy this reputation because of their high potential to earn massive profits for their owners. ๐๐ฅ
To this day, it enjoys considerable fame and success. Cryptos enjoy this reputation because of their high potential to earn massive profits for their owners. ๐๐ฅ
(6/10) Crypto has multiple uses and utilities, including purchasing goods and making #investments. Since the markets are highly #volatile, profits can be through the roof, but losses could also plummet the value to the ground. ๐๐๐
(7/10) What is #blockchain, you may ask?
The blockchain is the platform on which #cryptocurrencies exist. It is a medium on which transactions occur and the record is stored; it also acts as a public ledger. ๐งฑโ๏ธ๐ฏ
The blockchain is the platform on which #cryptocurrencies exist. It is a medium on which transactions occur and the record is stored; it also acts as a public ledger. ๐งฑโ๏ธ๐ฏ
(8/10) The idea and system sound very cool, but it is important to keep an eye out for possible risks associated. Since #crypto is online, it could be prone to hacking and #cyberattacks. They are uninsured and not regulated by a third party. ๐พ๐ต๐ปโโ๏ธโ
(9/10) How to purchase #Crypto?
#Crypto exchange platforms enable investors to buy crypto. They offer multiple #cryptoassets and reliable wallets with secure account options. Before you sign-up, look for their charges, security and features, and other options. ๐ณ๐
#Crypto exchange platforms enable investors to buy crypto. They offer multiple #cryptoassets and reliable wallets with secure account options. Before you sign-up, look for their charges, security and features, and other options. ๐ณ๐
(10/10) Understanding #crypto is not difficult science, but it is indeed an advantage to be aware of how the whole infrastructure works. ๐๐
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