Do you ever hear about cryptocurrency? Did your friend always talk about Bitcoin, XRP, Binance but you have no absolute ideas on what it is?
Basically, a cryptocurrency (or “crypto”) is a digital currency, and it works using blockchain technology. What is blockchain? Blockchain is a decentralized technology spread across many computers that manage and record transactions. Strong cryptography in online transactions secures the Crypto.
Since the price of Bitcoin accelerates to $7000, Crypto, specifically Bitcoins, has caught all of the people’s attention, especially the investors. Nevertheless, Bitcoin is not the one and only Crypto that exist.
Other than that, you can use cryptocurrency for online payment and exchange of goods. The primary interest in these virtual currencies is to trade for profit. Nowadays, there is 5,000 or more crypto in circulation, and the most popular ones are Bitcoin and Ethereum.
Furthermore, recently, many companies started to issue tokens as their own virtual currencies. We can exchange tokens specifically for the good or service that the company provides. Many people invest in crypto and tokens like stocks and other metals to earn a good profit.
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