About Cryptocurrencies

Our subject is cryptocurrency and tokens which is a very broad subject to choose from because nowadays with all the blockchain technology evolving there is already quite a lot that can be done with it. For example, more and more NFT marketplaces are being made by small startups and by big companies like Binance. An NFT marketplace is a place where artists can sell their art and buyers could buy the art the artists are selling. But then you would probably ask what is so special about an NFT marketplace in comparison to the traditional marketplace? An NFT stands for non-fungible tokens. This means that every piece of art has got its own line of coding which makes it unique and safe for buyers because it makes it really easy to check if you are buying the real art piece and not a pirated clone.

Cryptocurrency Day Trading

When thinking about cryptocurrency, most people immediately think about Bitcoin because it has the biggest market cap of them all (the total value of all coins in circulation). It looks like bitcoin will be the new gold. Just like the Euro depends on gold, smaller (alt)coins depend on Bitcoin.

Cryptocurrency is based on the decentralised finance concept. This means that there is no main "server" that handles all transactions, but multiple nodes that all "mine" or calculate transactions for a reward. Bankers shouldn't be given money and regular people should be able to pay anonymously and quickly without a 3rd party involving.

Like gold and fiat (regular money) currency did a long time ago, cryptocurrencies are trying to take over the economy and wants everyone to pay with decentralized money instead of the regular currencies we use nowadays. This will be a big step for our society and mining machines in the regular household house will probably be a very normal thing to see. This is only if the miners make less noise and are more power-efficient.

Blockchain is the protocol used behind every cryptocurrency coin. Every transaction consists of many lines of coding which makes it possible to send funds to another wallet while making it safe and anonymous. All cryptocurrencies are decentralized which means that there is no bank or third party involved in transactions or a person’s wallet. Of course, there are also downsides to this. Coins and their content are not registered to a name. This makes it very easy for money launderers to make their money vanish.