What is a Cryptocurrency and How Does It Work?
Cryptocurrencies have been gaining
ground in the financial world but
they are exactly how they work. Pixel
Cabrera is not explained.
A crypt currency is a digital asset
that uses cryptographic encryption to
guarantee its ownership and ensure the
integrity of transactions and
control the creation. of
additional units, cryptocurrencies
have various
differentiating characteristics with respect to
traditional systems, they are not regulated or
controlled by any institution and do not
require intermediaries in
transactions. In addition, a
decentralized block chain database or
shared accounting record is used to
control these transactions
on the other hand are not
considered a means of payment, do not
have the support of a
central bank or other public authorities and
are not covered by
customer protection mechanisms such as the
deposit guarantee fund or the deposit
guarantee fund. investors, once
a cryptocurrency transaction is made, it
is not possible to cancel it because
the block change is a record that does not
allow data to be deleted to reverse a
transaction, it is necessary to execute the
opposite
the value of the script or coins varies
depending on supply, demand and
user commitment, this value is
form in the absence of effective mechanisms
that prevent their manipulation such as those
present in regulated
securities markets, on many occasions prices are
also formed without
public information to support them.
Currently, there are thousands of cryptocurrencies during 2021, seven of them
were the ones that They gave more profits
according to a study by the French consulting firm
Chapus Holder and it continues and they
detail that last year
52.4 million people around the
world invested in digital assets, a
number that they estimate will continue to grow
crypt currencies with better
positions in the ecosystem during
2021 were the beat coin eder and finance
coin followed by digital currencies such as
solana luna 2 with polka dot and gimbal or
that have also presented good
results millennium news
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