Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    The Future Of Cryptocurrencies & Bitcoin
    The Future Of Cryptocurrencies & Bitcoin
    The Future Of Cryptocurrencies & Bitcoin
    Ebook67 pages36 minutes

    The Future Of Cryptocurrencies & Bitcoin

    By Anmol Pandey

    ()

    Read preview

    About this ebook

    Cryptocurrency is a digital version of money where the transactions are done online. A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but designed for the purpose of exchanging digital information through a process known as cryptography.

    With this ebook you will learn:

    What Is Cryptocurrency?

    How DoCryptocurrencies Work?

    How Are The Cryptocurrencies Value Determined?

    What Is Cryptocurrency Used For?

    Why Cryptocurrency?

    Also you will learn about types of Cryptocurrencies available and how to open an account to invest. It will also teach you how to collect more Bitcoin and much more!

    LanguageEnglish
    PublisherAnmol Pandey
    Release dateApr 11, 2021
    ISBN9781393371786
    The Future Of Cryptocurrencies & Bitcoin

    Read more from Anmol Pandey

    Related to The Future Of Cryptocurrencies & Bitcoin

    Related ebooks

    Small Business & Entrepreneurs For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      The Maya of Bitcoin

      Mar 19, 2018

      The Maya of Bitcoin
      11 min read

    • UNLIMITED

      The Crypto Compendium

      Jun 3, 2022

      The Crypto Compendium
      16 min read

    • UNLIMITED

      Why Are Bitcoin Prices So Volatile?

      Aug 12, 2021

      Life as a bitcoin (BTC) investor can be a bumpy ride. The world's most famous cryptocurrency has confounded commentators since its inception in 2009 to climb to mind-bogglingly high values, but bitcoin prices have nonetheless still been punctuated by

      5 min read

    • UNLIMITED

      Why Trading In Bitcoin Or Other Cryptocurrencies Is Playing With Fire

      Jun 8, 2018

      The two biggest players for digital advertising may have finally halted the blockchain hype. In March 2018, Google updated its financial services advertising policy. With these changes, ads for "Cryptocurrencies and related content (including but no

      4 min read

    • UNLIMITED

      Major Industries That Use Blockchain

      Aug 20, 2020

      Brings efficiency, simplicity and transparency in operations; reduces transaction time from hours to seconds; automates inter-bank processes like trade finance and remittances; reduces use of paper at an industry level Helps to track a large pile of

      1 min read

    • UNLIMITED

      Cryptocurrencies

      Mar 8, 2019

      Cryptocurrencies are traded as commodities and partly used as a medium of exchange. They are still actively traded despite the ‘2018 cryptocurrency crash’ (a.k.a. the Great Crypto Crash), which shook the market in the first quarter of last year. Almo

      9 min read

    • UNLIMITED

      Make Crypto Trading Great Again

      Mar 13, 2020

      Make Crypto Trading Great Again
      5 min read

    • UNLIMITED

      The Crypto State?

      Oct 4, 2020

      The Crypto State?
      14 min read

    • UNLIMITED

      Raining On India’s Crypto Parade?

      Dec 4, 2021

      With millions of Indians already invested in cryptocurrencies and possibly as many trying to assess its scope and risks before taking the plunge, there is a lot of interest in the upcoming Cryptocurrency and Regulation of Official Digital Currency Bi

      2 min read

    • UNLIMITED

      8 Biggest Cryptocurrencies to Watch Right Now

      Jun 29, 2021

      The past year-plus has seen a fresh explosion in cryptocurrencies. Companies are enabling payments via these digital assets or embracing the blockchain technology behind Bitcoin and others, creating a boon for some of the biggest cryptocurrencies. It

      1 min read

    • UNLIMITED

      Flying Blind With Bitcoin: Should You Invest, too?

      Jan 23, 2018

      I can't tell you the number of phone calls I've fielded about bitcoin in recent months. The shocking rise of cryptocurrencies this past year triggered a wave of media attention on this new form of money as an investment. Even my kids have asked me ab

      5 min read

    • UNLIMITED

      The DeFi Dictionary: Your Guide to Decentralized Finance

      Jul 11, 2022

      It's no secret that understanding the traditional finance world is challenging. Unfortunately, making sense of decentralized finance (DeFi) is even harder.  Decentralized finance is a growing collection of financial tools built on top of the blockcha

      5 min read

    • UNLIMITED

      China’s Bitcoinban

      Nov 11, 2021

      In September, the Chinese central bank and the country’s regulators suddenly announced a ban on crypto transactions in the country, a move that immediately saw the Bitcoin price fall by 9%. “It wasn’t a huge surprise to see that China had taken that

      1 min read

    • UNLIMITED

      On The Digital Bandwagon

      Feb 24, 2021

      On The Digital Bandwagon
      6 min read

    • UNLIMITED

      The Chain

      Jun 2, 2022

      The Chain
      4 min read

    • UNLIMITED

      Chain Reaction

      Feb 7, 2022

      Chain Reaction
      8 min read

    • UNLIMITED

      INDIA’s CRYPTOMAZE

      Jun 24, 2021

      INDIA’s CRYPTOMAZE
      13 min read

    Related categories

    Reviews for The Future Of Cryptocurrencies & Bitcoin

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Future Of Cryptocurrencies & Bitcoin - Anmol Pandey

      1-0 – What Is Cryptocurrency?

      What is Cryptocurrency? I am sure many of you are curious about this called "21st century money from the future and due to increased recognition and security, the Cryptocurrency market looks bright in front.

      At the end of this e-book, you will definitely know more about cryptocurrency than most people there. For this first chapter, we will cover 5 topics:

      1.  What Is Cryptocurrency?

      2.  How DoCryptocurrencies Work?

      3.  How Are The Cryptocurrencies Value Determined?

      4.  What Is Cryptocurrency Used For?

      5.  Why Cryptocurrency?

      What Is Cryptocurrency?

      This is one of the most frequently asked questions out there. What is Cryptocurrency? To make it simple, Cryptocurrency is a digital version of money where transactions are carried out online. Cryptocurrency is the same exchange media as your normal currency every day is like USD, but is designed for the purpose of exchanging digital information through a process known as cryptography.

      Cryptocurrency, who was always the first success emerged from the discovery of Bitcoin, by Satoshi Nakamoto. This is then followed by the birth of other Crytocurrency types that compete with Bitcoin.

      How Do Cryptocurrencies Work?

      ––––––––

      The reason why Cryptocurensie in the current request was because Satoshi Nakamoto managed to find a way to build a decentralized digital cash system. What is the decentralized cash system?

      The decentralization system means this network is powered by its users without having a third party, the Central Authority or Intermediary that controls it. Not a central bank or the government has power over this system.

      ––––––––

      ––––––––

      The problem with a centralized network in the payment system is double expenses called. Double expenses occur when one entity spends the same amount twice. For example, when you buy an online item, you must be charged an unnecessary and expensive transaction fee. Usually, this is done by a central server that tracks your balance.

      This is best known as Blockchain technology. Cryptocurrency comes from the word cryptography, which refers to the consensus maintenance process that is guaranteed by strong cryptography.

      Blockchain technology functions in managing and maintaining a series of developing data blocks, and this by using decentralized or known as P2P (peer to peer) networks. In blockchain, after a recorded data recorded, it cannot be edited or changed.

      To enter it in a simpler term, this allows you to send gold coins via email. The P2P network is a consensus network, which allows new payment systems and new digital money transactions.

      Let's illustrate the example. Cryptocurrency like Bitcoin consists of a network of his own colleagues. Each colleague has a complete historical record of all transactions and balance of each account.

      At the end of each transaction and after confirmation, the transaction is known immediately by the entire network. The transaction includes a process in which A

      Enjoying the preview?
      Page 1 of 1
      pFad - Phonifier reborn

      Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

      Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


      Alternative Proxies:

      Alternative Proxy

      pFad Proxy

      pFad v3 Proxy

      pFad v4 Proxy