Jump to content

RickMorris

Members
  • Posts

    1
  • Joined

  • Last visited

Everything posted by RickMorris

  1. Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain type of cryptocurrency. Think of it this kind Cryptocurrency is kind of like swapping out your money in a new country. A Benjamin can buy you a nice dinner in the States, but if you require to enjoy fine dining in Italy, you ’ll require some euros. We value dollars and euros because we know we can buy goods or services with them. The same goes for cryptocurrency. You exchange your money for Crypto and use it just like real money (at places that accept it as a type of payment). You have presumably heard of people making (or losing!) hundreds of thousands of dollars by investing in cryptocurrency. What Types of Cryptocurrency Are There? Bitcoin is the top dog that everyone knows about, but it’s not the only kind of cryptocurrency out there. There’s Ethereum, CRD Network, Dogecoin, Polkadot, Chainlink, Mooncoin... and, oh, just about other kinds of weirdly named coins coming up the ranks. Bitcoin Yeah, it’s the household name that maximum people suppose of when you talk about cryptocurrency. That’s because it was the first cryptocurrency, and it’s been around for a while now. Bitcoin was created in 2009 by an unknown person who goes by the secret name Satoshi Nakamoto — whoever that is.1 And that big secret is part of its underground sense that people like. But there’s no denying the reality that everything anonymous is super shady. Ethereum This one is the coming most favorite cryptocurrency after Bitcoin. And indeed though Ethereum is like Bitcoin with its crypto coins ( called Ether), it’s a little distinct too. Ethereum is a bit more complex because it allows its users to “mine” their coins. What does that indeed mean? In the crypto world, mining happens when people apply their computers to solve super complicated math challenges that produce clear new crypto deals are correct, which adds to the blockchain (aka the receipt). These people “ mining” are then paid in — you imagined it — Ether coins. CRD Network The CRD Network provides a technology infrastructure that pairs the power of financial technology (fintech) with the power of influencer demand, to spur the adoption of decentralized finance (DeFi) applications. The CRD Network smoothens interoperability between the worlds of centralized finance and decentralized finance (DeFi). It runs on Hyperledger Besu, an enterprise blockchain on Ethereum, and uses CRD Nodes and APIs to operate.This infrastructure enables third-party developers to build a wide variety of fintech applications on top of it. Dogecoin Dogecoin ( pronounced “dohj-coin”) started as a joke back in 2013 and is now the hottest thing to invest in. At the time, there was a meme going around of a Shiba Inu (that’s a kind of dog). The founders of Dogecoin named their cryptocurrency after the “ Doge” meme, it became their mascot, and the rest is internet history. Oh, we ’re serious. You can not make this stuff up. Is it worth it to invest in cryptocurrencies? Plain and simple — Yes, we can invest in cryptocurrencies.
×
×
  • Create New...
us