Understand what is cryptocurrency

Cryptocurrency is an innovative market, with a high proportion to offer innovation. Still niche, the market tends to develop and democratize to the general public. Become a precursor!

Defining cryptocurrency

Digital currencies or cryptocurrencies are secured by cryptography and generally used as a medium of exchange in a digital peer-to-peer (P2P) economic system. The use of cryptographic techniques is what ensures that these systems are completely immune to fraud and counterfeiting.

The first cryptocurrency to be created was Bitcoin, introduced by the pseudonymous developer Satoshi Nakamoto in 2009. Nakamoto’s goal was to create a new electronic payment system that would allow users to make digital financial transactions without the use of intermediaries, such as banks or government institutions.

Most cryptocurrency systems operate in a decentralized framework that is maintained collectively by a distributed network of computers. Each computer (or device) that joins the network is called a node and participates in the consensus validation of information. The information entered into the network is thus public, secure, unforgeable and unchangeable.

Key concepts of cryptocurrency

Mining BTC

Blockchain

Blockchain is an innovative and promising technology that is at the heart of cryptocurrencies. Indeed, without it, decentralization would not be possible and Bitcoin would never have been born. It is a key concept, as a universal database, without authority or borders, collaborative, shared to all its users, transparently and without intermediaries.

What is NFT

NFT

Non-Fungible Tokens (NFTs) are tokenized versions of digital or real assets. They function as verifiable proofs of authenticity and ownership within a blockchain network. NFTs are not interchangeable with each other and introduce scarcity into the digital world. They are also a good way to certify assets, including works of art.

Wallet Defi

DeFi

Decentralized Finance (DeFi) is also a rapidly growing sector.  It is an alternative financial ecosystem recreating traditional financial services (loans, savings, insurance…) on the blockchain, in an automated, decentralized and peer-to-peer way. DeFi proposes a real innovation in the world of finance, and, let’s not be afraid of the words, puts a technological slap in the face of the latter!

what is decentralization

Decentralization

Decentralization is a concept that has its roots in the political world, nevertheless it is the spearhead of cryptocurrencies. It means that no single entity can have power and control over a cryptocurrency. It is the entire user base that controls the process, manages the dissension and contributes to its development. Decentralization contributes to the security of cryptocurrencies.

Investing in cryptocurrency

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