What is Crypto?

Crypto is a decentralized, digital, and encrypted form of money. A cryptocurrency's value is not managed or maintained by a single entity.

 

  • Bitcoin was born in 2008, and became the first widely adopted cryptocurrency. Bitcoin was introduced by an anonymous person or group under the name of Satoshi Nakamoto. Cryptocurrency has since expanded, and many other cryptos such as Ethereum, BNB, XRP, and more have been introduced.
  • Crypto is the first alternative to the traditional banking system. By using these systems, it removes the middleman and allows for the fastest, safest, and cheapest exchanges in value the world has ever seen.
  • Crypto explores innovative methods of transaction processing. Bitcoin, for example, is a one-of-a-kind method of transaction processing. On the other hand, Ethereum can process transactions just as quickly, but has a wider range of features, such as running applications, creating smart contracts, and much more. 
  • At its most basic level, a crypto transaction is executed through a blockchain, which is publicly accessible and verifiable to all. The Bitcoin blockchain, for example, is a record of every time someone sends or receives bitcoin. Crypto enables secure payments that are completed without having to go through a third-party verifier like a bank.
  • There is no central vault, entity, or database that can be hacked, stolen, or manipulated on the blockchain, and transactions can be viewed by the public.
  • Unlike traditional stocks, cryptocurrency markets are available 24/7.



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