crypto Guide

What is cryptocurrency and how does it work?

By ecrypto.co.in

@eCryptoindia

Cryptocurrency – meaning and definition

Cryptocurrency, sometimes called  crypto, is any form  of currency that exists digitally or virtually and uses cryptography to  secure transactions 

What is cryptocurrency?

Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions.

How does cryptocurrency work?

Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.

Bitcoin

Founded in 2009, Bitcoin was the first cryptocurrency and is still the most commonly traded. The currency was developed by Satoshi Nakamoto  

Ethereum

Developed in 2015, Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum

How to buy cryptocurrency?

You may be wondering how to buy cryptocurrency safely. There are typically three steps involved

How to store cryptocurrency?

Once you have purchased cryptocurrency, you need to store it safely to protect it from hacks or theft

Is cryptocurrency safe?

Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into "blocks" and time stamped

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