A cryptocurrency (crypto currency ) is a digital asset design to work as a medium of exchange using cryptography to secure the transaction and control the creation of additional unit of the currency.
Crypto coin arevdigital currency which can not be seen but do exist and they can be transfer from one user to another through a third party that helps in completing the transaction e.g blockchain,coinbase,xapo e.t.c
Crypto coin
Bitcoin
Became the first decentralized cryptocurrency in 2009. Since then,numerous cryptocurrency have been created. These are frequently called altcoins,as a blend of bitcoin alternative. Bitcoin which is still the leader in the world of crypto coin with leading value of 4008$ to one bitcoin as at one. We also have legit mining site where this bitcoin can mine. This i will discuss in my next post in details. Bitcoin was created by pseudonymous developer satoshi Nakamoto. Satoshi is the minimum unit of bitcoin like 0.01 is a satoshi not up to 1bitcoin.
Dogecoin
A charitable organization center around dogecoin and co-founder by dogecoin co-creator jackson palmer. Dogecoin is also another crypto currency with current value at 0.0009$ as at now.
Litecoin
Litecoin (LTC) is a peer to peer crytopcurrency and open source software released under the MT/X11 lincense.litecoin is value at 58$ for 1 litecoin.
We are in the world of cryptocurrency. But as much as you can in store and lay in wait for it increase in the future. We have over 1110 different crypto coin out there with many of it that is less than a dollar now .
Cryptocurrency we Have
1.Bitcoin
2.Dogecoin
3.litecoin
4.Dash
5.Ethereum
6.Ethereum classic
7.Bitcoin Cash
8.Steem
Steem dollar
Digibyte
Compcoin
Feathercoin etc just to mention but a few
Next post is a contination of this post and the legit mining site.if you love this post do resteem and upvote
Now i know what is this world about. After two month i learned a bit and know the starting points.
What i don't know is how much we will stay here, even we know that HODL! is the best for now.
I am sure that i will be as much as i live from now on, if the governments does not interdict it everywhere and do bad things. Unfortunately as much we say we are here, we can't beat the system alone.
So let's hope many of us will be united and things will go on a good path.
Regarding mining... the only good solution is to mine yourself and not believing there are legit mining sites... Yes, there are few honest ones till now, but even that ones had some issues.
Now you see the fuss with genesis mining who have late many payments and not for the first time.
The mining is getting harder and harder and the websites get more trickier...
So, just be careful with that.
Cheers
#cof
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You are write @ilvstrange.but for starter buying minig pool can be too expensive. To build up their trusth and stand we just have to present and show them the light. So that they can start from somewhere
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If you'll talk about mining home, then is interesting :-)
To not connecting to mining pools with $200-300 initial investment is nice. And also mining with computer not with S7 or S9 ASICS ;-))
First because of the big noise, second because of the power consumption... at least $100 / month.
#cof
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We will not be starting with that much,but i bet you i do kniw some site where you can get there harsh for free to mine,though it come with small outcome. At least little by little it can become a whole lot some day
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True.
If we don't start at some point we'll never do something.
#cof
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Am happy u get the logic now
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haha, i got it from the beginning of discussion and from late june when i entered the crypto journey
But others must see discussions like that so they know too
Lot of people are new here and as we all read so many good information at the beginning they must too.
#cof
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Incredibly, this is what I'm looking for All this time, crypto and bitcoin are always talked about in every Market at a price that can make every market player tense,
I look forward to it @olusolaemmanuel
Thank so much for your share.
#cof
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I will make sure i get you well enquip on this crypto currency so you can start something and we all make it big
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Thank you if you want to help me, guide me and let me know, the ways and conditions that I should follow
Thank my frie
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@marzukie and here to serve you and the steemit community as a whole.#cof
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Right on thanks, this was very helpful on getting a concept of what crypto is and how to use it!
#cof
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Am happy the post was able to help.i will keep on updating you people on the world of crypto currency
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A great post. @olusolaemmanuel followedd
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@ hodorhodor welcome to crypto currency world. Be you have to work on your reputation
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This is one of those post I have to resteem so that I can make sure I read back on it and take notes..thanks for sharing friend!
#COF
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@the21plus i will be posting the contination soon
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@the21plus i will be posting the contination soon
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@the21plus i will be posting the contination soon
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Good research and knowledge always takes you a lot further, thanks @olusolaemmanuel
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Yeah of a truth
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