Cryptocurrency is the latest trend that is being intensively introduced by central banks as another form of currency that has the same function as paper money or coins in general.
The topic of cryptocurrency is quite popular among young people, and some say that investing in cryptocurrency is very promising compared to investing by buying stocks.
Well, so that you are not curious and to calm the tongues of monetary gossipers, I will explain about this cryptocurrency.
What is cryptocurrency?
Crypto is actually a digital currency, meaning it is invisible but has economic value. This currency may only be used in online transactions, it cannot be taken to supermarkets or markets for shopping.
Interestingly, because it may only be used in online transactions, crypto currency cannot be imitated by any counterfeiter.
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This is also the case with crypto money, which is actually beyond the control of a country's government so that anyone can freely own it.
Currently, various countries in the world have allowed business actors to transact online using crypto currency.
So how does this cryptocurrency work?
There is a technology called blockchain when transacting online using crypto currency.
Well, this technology is a supporting device that guarantees the security of online transactions that we do, because this blockchain technology uses a layered algorithm and encryption system.
I will explain a little about this blockchain, because for those who are not familiar with technology, it will inevitably be confusing.
So, blockchain is the content of several blocks in a network or online network where each block contains a set of transactions that have been previously verified on each network itself.
A simple example is like this, for example, business actor A wants to transact with business actor B, and he intends to send crypto money, then the money transfer process will be validated first in the network system. If valid, then the transaction process can be continued.
Types of crypto currency
There are many types of cryptocurrency circulating around the world, but the most popular are bitcoin and ETH.
George Protonotarios in his book cryptocurrency trading guide fundamental and technical analysis for cryptocurrency thinkers published in 2019, reveals the history of the origin of the emergence of crypto currency, namely in 1983 through cryptographer David Chaum.
From here, it then continued with the idea of publishing various types of cryptocurrencies which began in 2008. One of them is Satoshi Nakamoto who initiated the digital currency bitcoin which is so popular today.
How to use cryptocurrency
Using cryptocurrency is quite easy, you just need to buy it on several trusted online sites, here are the locations
1. triv,
2. tokocrypto
3. luno
4. zipmex
However, to make a transaction using this cryptocurrency, the main requirement is to have a digital wallet first.
This is an intermediary when making online transactions, namely sending and receiving cryptocurrency payments.
Currently, there are many online business platforms that accept payments with cryptocurrency, so you don't need to worry anymore.
Data reported from the Bappepti website, until 2021 there have been 4.2 million business actors (read investors) who actively use cryptocurrency.
This number is twice as many as investors who are engaged in stock trading. So what are you waiting for, That's a brief review of cryptocurrency knick-knacks,..
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