Interesting Fun Facts about Cryptocurrencies You Should Know

in crypto •  3 years ago 
  1. Bitcoin Inventor Is Unknown
    In the world of cryptocurrencies, this is the most common and surprising fact. The organization or person who created the “Bitcoin” is mysterious. Many people came forward and claimed to be the initiators; however, none of them was a reliable source

  2. You Cannot Lose Your Crypto Wallet
    crypto wallet

When it comes to cryptocurrencies, you have a digital wallet (crypto wallet) that contains both private and public keys. You get a private key to access it, and in case you lose it, the probability of acquiring it back is low.

Your digital money disappears into a vast crypto-void. Due to blockchain technology, chances of hacking are minimal; therefore, you are solely responsible for the loss of your digital funds.

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  1. Beware of Cryptojacking

A safe choice of wallet security is a cryptocurrency; however, it remains open to scammers who make use of their phone’s processing or computer to mine cryptocurrencies. These people do this to benefit without your consent. This is known as “cryptojacking”, where swindlers put harmful code on your device.
How do you identify if your machine is affected? The computer or phone will slow down, or the battery might discharge faster.

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