What is Crypto Currency?
CRYPTOCURRENCY is generally a digital currency distributed as an in-kernel digital currency used on the Internet. Bitcoin started in 2008, was the FACULTY for the first cryptocurrency, the best node, and the most influential. Over the past 10 years, other electronic money transfer systems such as bitcoin and integer ether have evolved as a digital alternative to government-designated cash.
The most popular crypto miners use Bitcoin, Ethereum, Bitcoin Cash, and LiteCoin. Other well-known decoders include Tezos, EOS, and Zcash. Some are similar to Bitcoin. Other technologies are based on other technologies or have new features that allow you to do more than transfer value.
Crypto enables you to transfer value online without the need for intermediaries such as banks and payment processors, and to transfer value almost instantly, 24/7, at low rates around the world.
Cryptocurrencies are generally not issued or controlled by governments or other central authorities. They are run by a peer-to-peer network of computers running free open source software. As a rule, anyone interested can participate.
How secure is crypto if no bank or government is involved? All transactions are validated by a secure technology called the blockchain.
Cryptocurrency blockchain is alike to a bank`s balance sheet or record. Each currency has its blockchain. This is a continuous and constantly verified record of all transactions made with this coin so far.
Unlike the bank ledger, the crypto blockchain is distributed across participants in the digital currency network. Companies, countries, or third parties do not control it. Anyone can join.
Blockchain is a breakthrough technology recently made possible by decades of computer science and mathematical innovation.
Most importantly, cryptocurrencies give individuals full control over their assets.
Portability
Crypto makes dealing with people on the other side of the planet as seamless as paying cash at your local grocery store.
Privacy
When paying with cryptocurrency, you do not need to provide unnecessary personal information to the merchant. This means that your financial information is protected from being shared with third parties such as banks, payment services, advertisers and rating agencies. And since no sensitive information is sent over the Internet, there's very little risk of your financial information being compromised or your identity stolen.
Security
Almost All cryptocurrencies including Bitcoin, Ethereum,Tezos, and Bitcoin Cash are secured by a technology called blockchain, Which is continuously tracked and verified using massive computing power.
Portability
Because your cryptocurrency holdings are not tied to any financial institution or government, they are there for you no matter where in the world you are or what is going on. With any of the major intermediaries in the global financial system.
Transparency
All transactions on the Bitcoin, Ethereum, Tezos and Bitcoin Cash networks are open to the public without exception. This means that there is no room to manipulate transactions, change the money supply, or tweak the rules during gameplay.
Irreversible
Unlike credit card payments, encrypted payments are irreversible. For traders, this greatly reduces their chances of being a victim of fraud. For customers, it may make transactions cheaper by eliminating one of the main arguments that credit card companies have about high fees.
Security
The Bitcoin supply network has never been hacked. And the basic idea behind cryptocurrencies helps to secure them: the system is unauthorized and the core software is open source. In short, countless computer scientists and cryptographers were able to study every aspect of the network and its security.
What is a stablecoin?
Stablecoins offer some of the best attributes of cryptocurrencies (transparent global transactions, security, and privacy) with the price stability of fiat currencies. Stablecoins tie their value to an external factor, usually a fiat currency like the US dollar or a commodity like gold. They can also act as a safe and stable way to save money, just like a traditional savings account.
