What is crypto currency?
==> As most of we know, it is a form of digital or internet money. We can't see, feel, smell or touch it.
How is it different from current/fiat/regular(USD, GBP, EUR ... etc) currency?
==> It comes with life time limits. It can only be generated over the years of time. Its generation ends after the hard limit.
==> It is owned by us and generated by machines. Its general use for utilizing services, buy and sell is administered and monitored by machine programs, no middle man.
==> It eliminates maintenance and service fees so end user gets the desired services for lower costs
Why do we need crypto currency?
==> Low fees
==> can't be manipulated
==> Fast settlements
What are the types of crypto currency?
==> Tokens :-- These don't have any currency value and can't be used to buy/purchase in the real world.
1. Utility tokens : a crypto based value, meant for providing a service.
2. Security tokens : This is also a kind of crypto and meant for providing security in the crypt world.
==> Coins :-- These carry some monitory value and can be used to buy/purchase something.
Upcoming Posts ??
1. Why do we need tokens and coins?
2. Who needs buy tokens vs coins?
3. What are the current top tokens and coins?
4. Does crypto has any future?
5. Technology behind cryptos?