Cryptocurrencies are quickly growing in popularity, and they’re also growing in value. The most popular crypto currency, Bitcoin, has seen tremendous growth over the past couple of years, with a return on investment of several thousand percent (as of 2017). Trading cryptocurrencies can be exciting and lucrative, but it’s not without its risks. This guide on how to make money with cryptocurrencies will help you become familiar with the basics of the industry before you dive in headfirst and risk losing your money.
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What are Cryptocurrencies?
A cryptocurrency is a peer-to-peer, decentralized electronic currency. Most cryptocurrencies use an open source cryptographic protocol known as blockchain. The most well-known cryptocurrency is Bitcoin, which was invented by Satoshi Nakamoto in 2009. Since then, hundreds of new cryptocurrencies have been created. All of these function as virtual currencies and are classified as such under monetary policy laws. In short, cryptocurrencies make it easier to send money over distance without third parties getting involved.
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All About Bitcoin
What is bitcoin? Briefly, it’s a digital currency that you can use to buy things or send payments to others. It has no physical form, and it only exists digitally. In some cases, you can even purchase bitcoins anonymously. Plus, there are plenty of sites where you can spend your digital currency! More information about Bitcoin here: How does bitcoin work? Where do bitcoins come from? What makes them valuable? Who invented them? How do they work for me?
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Litecoin vs. Bitcoin
Which is Better? Litecoin and Bitcoin have a lot in common. Both currencies are powered by blockchain technology, both use P2P networks, and both rely on cryptography for security. But in many ways, they are very different. Here’s what you need to know about each currency if you’re thinking of investing in either one.
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Ethereum vs. Bitcoin
Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference. In contrast to Bitcoin, Ethereum was designed to not need its own token. Ether functions like a vehicle for moving around on the Ethereum platform, and is sought by mostly developers looking to develop and run applications inside Ethereum.
The Future of Digital Currency
What is cryptocurrency? Many people are keen to know what a cryptocurrency actually is, but they often have trouble finding concise and accurate information. This post explores exactly what cryptocurrencies are, where they came from, and how they work. There’s no doubt that cryptocurrency is here to stay – there are now hundreds of different currencies being traded online – so if you’re thinking about getting involved with digital currencies yourself then it makes sense to find out as much as you can about them before you do.
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