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| Get to know Cryptocurrency |
Get to know Cryptocurrency
Cryptocurrencies are now becoming familiar among internet users all over the world.
Cryptocurrency is a modern trend or current digital asset, why is that?? Yes, because this crypto asset involves a technological device and an internet connection as a network of transactions, which are then connected via blockchain technology, what is blockchain???
In the discussion of my previous article on the blockchain gallery label, the meaning of blockchain and its functions have been explained, but in this article we will discuss a discussion about crypto assets, in which these crypto assets are part of the content of blockchain technology.
However, if you are new to crypto assets and want to try to start investing there, it would be better if we first identify what crypto assets are and what types of crypto assets are...
Understanding Cryptocurrencies
Cryptocurrency is a digital or virtual currency that is guaranteed by cryptography. With the creation of this digital currency, all transaction data becomes almost impossible to fake, so all crypto asset transaction records that are carried out will be stored on the blockchain system.
This blockchain network is widespread, connected from one computer to another, and connected in a blockchain network so that it is not centralized in one place, otherwise known as decentralization.
Cryptocurrency Function
Cryptocurrency assets can be used for transactions between users without the need to go through a third party as an intermediary. In contrast to central banks, apart from that crypto assets can be used as a new method of investing, many users use cryptocurrency as an investment method or instrument, because this is caused by the fluctuations in the value of buying and selling cryptocurrency assets, why is that because every type of crypto asset If it has a lot of fans, then the price will certainly go up.
Cryptocurrency Development
The development of cryptocurrencies hit a bright spot in 2008. In the last year,
Satoshi Nakamoto published a book entitled Bitcoin At that time, the 2008 financial crisis was still ongoing and most likely Bitcoin was a form of anger and disappointment reaction to the state of our financial system at that time. On October 31, 2008, Satoshi Nakamoto made an announcement on the mailing list. metzdowd.com cryptography site.
Santosi Nakamoto said I have been working on a fully peer to peer blockchain-based electronic financial system without any third parties.
The Bitcoin code may have been created in 2007, and the first indication of its appearance was in August 2008, when the domain name bitcoin.org was registered before Bitcoin appeared, and the contents of the book were also posted by Satoshi to the cryptography discussion mailing list. A year later, the release received support from cryptographers in 2010, then the following year other cryptocurrencies began to appear. The inaugural Bitcoin exchange also took place in the same year. Since that year, the price of cryptocurrencies has increased significantly. This is what makes many people mine cryptocurrencies that are circulating in limited quantities. However, the price has decreased in recent years due to government regulations and legal protection.
Messages and Suggestions
Trading digital aset carries a high risk because the price is very volatile up and down significantly
