Cryptocurrency: A Complete Basic Guide For Beginners
Well!! before we starting this post lets go through the 5 step by step guide for Cryptocurrency Beginners:
Step 1: What is Blockchain
Step2: What is cryptocurrency
Step 3: What is Bitcoin?
Step 4: Altcoin Guide
Step 5: Crypto Wallet Guide
As we all have heard the word cryptocurrency, only few knows and few haven’t aware of this amazing modern currency. In simple words we can understand the exact meaning of Cryptocurrency is the term crypto means hidden, currency in general normal currency.
Moreover, understanding the complete cryptocurrency guide will make you stand out of the crowd because lack of knowledge about cryptocurrency results broke as hell.
Cryptocurrency is digital currency or virtual currency which is intangible it can not be seen or touch. Moreover, the transactions process though the medium of digital system.
More importantly, cryptocurrency uses blockchain technology for generate cryptocurrency units and to ensure safe and secure transactions.Some cryptocurrencies are decentralized that there is no control of any central authority or government bodies.
Moreover, bitcoin is the first cryptocurrency in the crypto market and it is most valued cryptocurrency. Cryptocurrency came into the attention when the price bitcoin reached the sky back in few years ago.The first bitcoin transaction is done by satoshi nakamoto (group of anonymous or person ).
Today the cryptocurrency is creating lot of buzz in among every investors. A lot of investors are looking forward to invest in cryptocurrency. There are more than two thousand cryptocurrencies in the crypto space and only few are in the leading position.
Moreover, the use of cryptocurrency is boosting everywhere around the world, lot of business organization using cryptocurrency for the ease of doing business. More importantly, for the daily expenses people are using cryptocurrency.
As compared to the traditional currency the use cryptocurrency is high. Cryptocurrency can transferable digitally from one account to another. Cryptocurrency is decentralized which ensures safe and secure transactions.
moreover, other than bitcoin there are few major cryptocurrencies are there in the market such as litecoin, ripple and ethereum. ( future price prediction ethereum price prediction, predicted by coinpedia )
Ultimately, cryptocurrency has gained lot popularity and reputation among every common person and investors.
If you are thinking to invest in cryptocurrency then it is one of good idea ever.
So, what’s your take on cryptocurrency?