Poloniex the magnificient crypto exchange

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Hello steemians welcome to my blog. I will focus on Poloniex in regards to its spotlight, cryptocurrency in general this Poloniex is a contest generated by steemitblog. Before I proceed I will like you guys reading to know what Poloniex is

what is Poloniex

Poloniex is a digital asset trading service. It is a type of exchange through which users can transact/trade in different digital currencies around the world regardless of where you reside. The world at large has gone digital.

In this way, Poloniex is very similar to any of an upright -increasing number of digital currency exchanges headquartered in various countries, in nigeria here we trade on different currencies, bitcoin, gold, Etherium etc... It's really amazing to gain massive experience on digital currencies.

still on cryptocurrency (bitcoin)

Cryptocurrency bitcoin was first published in 2008, white paper published by "satosh Nakamoto" a pseudonymous persons or group. In the early 2009, I was still little then, "Nakamato"
Released bitcoin to the public. And a group of enthusiastic community of supporters began exchanging and minning the currency as of then there was intensed value placed on Nigerian currency not what we have now....

Cryptocurrency

Cryptocurrencies are cryptographic protocols or extremely complex, cooded system that perhaps encrypt sensitive data transfer's to ensure their unit of total exchange.
Cryptocurrency developers depends and build these protocols on advanced arithematic and composed computer engineering principles that renders them virtually impossible to break and get harked.

Thus the hard copy or counterfeit the protected currencies, these protocols also marks the identities of cryptocurrency users making transactions and perhaps funds flows difficult to attribute to specific individuals or group of people.

How cryptocurrency works

The way source codes and technical controls that supports and ensures that cryptocurrencies are highly complex perhaps people are more than capable of knowing the basic concept and becoming informed, about crypto currency users.

Blockchain

A cryptocurrency Blockchain (sometimes written "blockchain " ) is the master ledger that records and stores all transactions and activities, useful ownership of all unit of all the records of a cryptocurrency I currently have a block-chain App in my phone now, transactions/history or data, a blockchain has a finite wavelength.

Containing a finite number of transactions , Note block chain accepts all currencies that can perhaps increase over time, identical copies of the block chain are stored in every node of the cryptocurrency software galvanized network..

The network most be more like a decentralized server farms, run by computer savvy individuals or groups of individuals know as minner.

wallet

Cryptocurrency users have wallets which I currently have as well, with unique information that confirms then, as the temporary owners of their unit whereas private keys confirms the authenticity of a cryptocurrency transactions wallet,
Lessons the risk of the theft for unit, that aren't been used, also wallets can be stored on the cloud,, an internal hard drive, or an external storage device. Regardless of how a wallet is stored, at one back up is strongly recommended.

cryptocurrency exchange

More popular cryptocurrencies such as bitcoin, and Ripples, Etherium, are traded on a special designated secondary exchanges, they are similar to forex trading. For fiat currencies talking out of experience..

Cryptocurrency exchange plays a valuable role in creating liquid markets for popular cryptocurrencies and perhaps setting their value relative to traditional currencies, however exchanges pricing can still be extremely volatile.

More regards to you Mr Bright-obias.