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What is Cryptocurrency

Investing in Cryptos

the value of a cryptocurrency is determined by the level of user trust. The more people use it, the higher the cost and demand for new coins.

Cryptocurrency is an electronic means of payment without physical form expression. The basic unit of measurement is "coins" or coins.

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The popularity of cryptocurrencies is due to a lack of trust in government and traditional money. People began to get frustratedand they resorted to using a decentralized payment system.

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How cryptocurrencies work:

1. Decentralization 2. Deflation  3. Security 4. Anonymity

fiat currencies are not backed by anything other than people's trust.

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Main concepts of Cryptocurrency

– transaction – blockchain – block  – mining – a node – wallets

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Pros and cons of cryptocurrencies

1. Reliability 2. Open source 3. Limitation 4. Cross-border payments 5. Control over funds 1. The risk of losing all your money 2. 51% attack 3. No Warranties

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How cryptocurrency differs from regular (fiat) money

Fiat money is used by people to pay for goods and services in everyday life. These can be funds on a bank card, banknotes or coins.

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Relax and enjoy

Cryptocurrencies are issued by network members. Maximum number of coins is known in advance, which indicates a deflationary nature and an increase in value of an asset in future.

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Where to buy cryptocurrency and is it legal

Exchange sites or platforms

Direct purchase

Cryptocurrency exchanges