My First Post: Cryptocurrencies for novices

When companies around the world faced a blow in the recent demanding payment of "WannaCry" in the form of Bitcoin, the world experienced a drastic increase in Bitcoin's value growth.

As a result, ransomware news and cryptocurrencies began to gain more exposure.

Cryptocurrencies can be a seductive area for those who are not familiar with it.

Very often, he finds himself distrustful since his concept is something of a "modern era of the Internet".

Their technicalities can be difficult to understand since the subject can become quite dry.

And the introductory guides can leave one more confused at the end than at the beginning.

Do not know anything about cryptocurrencies, but would you like to get a basic understanding?

Well, you've arrived at the right place.

In this post, which we have called Cryptocurrencies for novices, we compiled our latest articles and videos about the world of cryptocurrencies, bitcoin and blockchain.

Not only will you have a technological understanding of the subject, but you will also know the current panorama and future perspectives of a new world worthy of exploration.

The first cryptocurrency that was produced was Bitcoin, which tracks its beginnings since 2008.

No one knows who the real creator of Bitcoin is, but the concept of an electronic point-to-point cash system first appeared on a cryptographic mailing list published under the pseudonym "Satoshi Nakamoto."

Since then, many other cryptocurrencies have emerged, such as Dash, Ethereum, Litecoin, Monero, Ripple, Zcash and hundreds of others.

The cryptocurrency derives its name from the use of cryptography to secure transactions and control the creation of additional units of currency.

A finite number of bitcoins was stipulated in the world, with a threshold of 21 million bitcoins.

The last expected to be "mined" in the year 2140.

In a traditional banking system, the bank keeps the accounting records, which say that "such a person has a balance".

You do not see your money physically - and the bank can still lend it to other parties.

But you trust that the bank will respect the correct status of the balances for you.

However, every time someone makes a transaction in the cryptocurrency network, it is transmitted to everyone in the network through a public book (also known as a blockchain).

This public book belongs to everyone, who then updates their copy of the ledgers to indicate the change.