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Cryptocurrency for beginners..

        cryptocuurency  


🧿This is my first post about cryptocurrency.In here you can learn these topics briefly....

                                   

  1. what is cryptocurrency ?

   2. what is first cryptocurrency and when ?

  3. what is alternative cryptocurrency ?

  4. how to get [invest] in cryptocurrency ?

  5. what is bitcoin mining ?         


      1.What is cryprocurrency ? 

      


➤ cryptocurrency is digital payment method  mainted by a network of computers that uses cryptography authenticate transactions. It is hard to understand.In simple terms cryptocurrency is a type of digital or vitual money.we use digital money in day to day life to buy goods and services. cryptocurrency use decentralized control.[ decentralized means not own by one peson or govermant ] .


2. What is first cryptocurrency and when ?

 


➤ Bitcoin was the first blockchain based cryptocurrency .Now it is the most popular and valuble cryptocurrency.Bitcoin was invented by [individual or group] known by Satoshi Nakamoto in 2008 ....

But today there are lot of alternative cryptocurrencies  like  ethereum,litecoin.cardano etc... 


3. What is alternative cryptocurrency ?



➤  In simple terms alternative cryptocurrncies are any digital cryptocurrency similar to bitcoin.Alternative cryptocurrecy were launched after bitcoin's sucsess.

 Example for alternative cryptocurrencies ada,eth,ltc etc.....


4. How to invest in cryptocurrency ?





➤ First of all you will have to choose a good exchange.There are lot of exchanges like coinbase,binace,bitfinex etc...After that you have to  open a trading account at the crypto exchange of your choice.after that you have to transfer your real money to crypto trading account to invest in cryptocurrency.


5. What is bitcoin mining ?



➤ In simple terms  bitcoin mining is the prosecess of creating new bitcoin with the use of high powered computers by solving cryptographic equations.






 




                        

                



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