DO YOU UNDERSTAND CRYPTOCURRENCIES?

Technology can be confusing but exciting at the same time. Hello Everyone Michael The Traveling Trucker Crypto man.

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Mention: https://www.investopedia.com/terms/c/cryptocurrency.asp

All the info here is for understanding what Cryptocurrency is.

More than 13,000 different cryptocurrencies are traded publicly.

The total value of all cryptocurrencies on Oct. 22, 2021, was more than $2.5 trillion, having fallen off an all-time high above $2.6 trillion days earlier. The total value of all bitcoins, the most popular digital currency, was pegged at about $1.2 trillion.

Mention: https://pixabay.com/images/search/cryptocurrency/

If you are interested in learning more about Coinbase click here. This is where you set up buying and selling your cryptocurrencies.

You can buy products and services with many cryptocurrencies.

What are Cryptocurrencies? A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

Many cryptocurrencies are decentralized networks based on Blockchain technology—a distributed ledger enforced by a disparate network of computers.

A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

The word “cryptocurrency” is derived from the encryption techniques which are used to secure the network.

Blockchains, which are organizational methods for ensuring the integrity of transactional data, is an essential component of many cryptocurrencies.

Many experts believe that blockchain and related technology will disrupt many industries, including finance and law. 

Cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. However, they also have been praised for their portability, divisibility, inflation resistance, and transparency.

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