All about cryptocurrencies

over 2 years ago

Hello guys, its another time for the edition in the hive learners community and i will like to be talking on the topic.. "Between physical money or crypto".. Which is more better.
Firstly we need to know about crypto or more understanding about this crypto we all hear in different places and trading platforms we visit on daily basics.
Cryptocurreny; is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double spend. Generally cryptocurrency can be clustered into two distinct categories :coins and tokens(altcoins)... A coin is known as any cryptocurrency that uses its own independent blckchain.. That is it can value and increasing or decreasing value.
We have different cryptocurrencies and their abbreviations;
Bitcoin(BTC)
Entherum(ETH)
Binace coin(BNB)
Trons(TRC)
Tether(USDT) etc... And some much more coins which are still in the coin cap market and some which are known as airdrop are still becoming coins in the nearest future.. With its rapid increasing value.
(source)

[https://unsplash.com/photos/aX1hN4uNd-I].

We aslo need to know about bitcoin mining;bitcoin mining is the basic way you can grow your bitcoin. The primary purpose of mining is to allow bitcoin nodes to reach a secure, tamper resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system. Miners are paid transaction fees as well as subsidy of new created coins,called block rewards. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system through mining

(source)
[https://unsplash.com/photos/Dd9Wkk5vj80]. !
Statistics on the current value of bitcoin..

Bitcoin;is the most popular digital currency although it has no
Central authority controlling it
But it has risen to prominence due to its daily increasing value in the world stock market and price cap market. I mine via the aid of antiminers9 and i have a large founder pool, everyday i add new investors to mine with me.

nice review, hope you enjoyed your reading section. Some interstimg coming in my next post😊😊

hive-153850 hive learners hl-exclusive hl-blog archon palnet

0.000

1 comments

@hivebuzz 74

over 2 years ago

Congratulations @sammychidi! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

	You received more than 10 HP as payout for your posts, comments and curation. Your next payout target is 50 HP. _{The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD}

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

	Hive Power Up Month - Feedback from April day 21

Support the HiveBuzz project. Vote for our proposal!

0.000