Cryptocurrency
What is Crypto currency
Crypto currency is a digital payment maintained by a network of computers that uses cryptography to authenticate transactions. Depending on how investors expect to make money and how they are structured, some crypto currencies may count as securities. If traders of these currencies prop up the price and go online to spread gossips, that might count as fraud. It can be hard to determine if a bubble exists. The only way to ensure that they avoid a burst is mass adoption.
How many type of Crypto currency
|
Crypto
currency |
Total
Market Values |
|
Bitcoin |
$
826 billion |
|
Ethereum |
$
390 billion |
|
Binance |
$
79.5 billion |
|
cardano |
$
66.3 billion |
|
Dogecoin |
$
63.4 billion |
|
Tether |
$
58.2 billion |
|
XRP |
$
51.8 billion |
How do Crypto currencies work :
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. " https://www.youtube.com/watch?v=rYQgy8QDEBI"
Where to buy and trade Cryptocurrency
1.Choose a trading platform or exchange.
2.Create an exchange "wallet" to store your cryptocurrency.
3.Add a payment method, such as a debit card, to fund your account.
4.Buy your chosen cryptocurrency.
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