Maybe it's no stranger to hear bitcoin in your environment today. Wherever you go everyone is discussing bitcoin.
Bitcoin is one of the crypto currencies that has the highest price among other crypto currencies.
Here we can conclude a little, that Crypto is another name for digital currency. Cryptocurrency or cryptocurrency is a digital asset designed for a medium of exchange using cryptography.
This cryptography is very powerful for securing financial transactions, verifying asset transfers, and controlling the creation of additional units.
Although this digital currency cannot yet become a legal medium of exchange in everyday life, at least cryptocurrency can still use it as an investment medium like stocks.
This cryptocurrency has been around since 1998 and was initiated by Wei Dai. However, at that time the Crypto system could not be implemented because users could duplicate currencies.
Shortly after, the Bitcoin crypto currency was launched with the capacity of Blockchain technology as well as the first digital currency to be implemented. So that bitcoin becomes the center of attention for people who are interested in cryptocurrencies.
Everyone who wants to use crypto digital currency certainly has an account number like at a bank. The account number is called the Public key while the password is called the Stream key.
Cryptocurrency does not have a physical form like cash and it only exists on the internet. Cryptocurrencies are not held in banks or e-wallets. The currency is stored in a system called blockchain
Today there are so many types of Crypto currencies, including:
- Bitcoin
- Ethereum
- Dogecoin
- EOS
- Tron
- Ripple
- Litecoin
- Stellar
- Cardano
And many more that it is impossible to mention all of them.
The End
That's a little explanation of what Crypto is that I can write for the first post on Leofinance. And for the next I will discuss again about Crypto part 2.
Thank you Leo