Hello hive community, I complained earlier about knowing little on cryptocurrency and how I would like to know more about it, so I will be sharing the little have learned during the week.
I will start by explaining some terms in cryptocurrency, firstly what is "cryptocurrency" it is a digital form of exchange that is decentralized which means it is not issued by any central authority.
Also, there is blockchain a system that records transactions and data points, in my own simpler terms it contains information about the history of transactions.
I also learned about mining, this is the aspect I focused more on because have always been mining on apps but I never knew how it works, all I know is you get money from it and have never made money because I don't know how its works. So based on the little I know by 'mining' you can earn cryptocurrency without having to put down money for it.
This is the little have learned this week, I want to thank you guys for helping out in knowing more of it, I promise to share how am getting better at it.
If there is any basic information I miss out please give feedback