crypto exchanges explained

What is a cryptocurrency and how does it work?

Cryptocurrency is a digital currency, a currency that does not exist in any physical form and is based on bits. The idea of this type of system came to the world thanks to the user Satoshi Nakamoto, who published an article in which he explained how this currency works, which sought to completely disassociate itself from any banking and governmental institution, thus maintaining the privacy and not being affected by inflation. A few months after publishing the article, Satoshi Nakamoto provided the necessary software to carry out these transactions and disappeared without a trace to this day the identity of this user remains unknown. The first currency of this type and the one we are talking about is Bitcoin. The bitcoin system works with Peer to Peer (P2P). In which there is a global and public record of all transactions that have been made in the history of the currency known as the blockchain, thus tracing in detail the entire journey that has been made from the first user account that had it until the last, and despite this record being public does not affect privacy because all accounts are anonymous and do not know whom it belongs to The Blockchain is a sequence of chained data, each block has a limited number of transactions that are linked to the previous block and so on until the first block that existed the advantage it has is that it is distributed globally, which makes it a system that apart from being public is safe because it is impossible to modify the records of the past and while there are users on the network this record will never disappear. Any person can create a block which is known as miners, these miners register approximately between 2000 and 2200 transactions in a block, which once finished is sent to the registry, where other miners review it and if the majority indicates that it is correct, the block remains in the registry and the miner receives a reward. In this way, security is maintained in the registry. The first currency of this type was the Bitcoin, but today there are many other currencies of this type that have different values, another example of this type of currency that is widely used is the Etherium which works with the same type of system as the bitcoin but with financial contracts that serve for example to buy a house or ask for a loan, These contracts are known as smart contracts, and the Etherium works exclusively to pay these contracts. Other currencies on the market are: ·         Tether ·         Binance coin ·         Cardano ·         USD coin ·         XRP ·         Dogecoin Just to mention a few. The truth is that entering this world is nothing complicated since you can buy cryptocurrencies directly from someone, or use one of the different exchange platforms that exist in the world such as Binance or coinbase with which you get a virtual wallet, and there you have your new coins, it is already your job to learn more about what kind of exchanges or transactions you can do to make this money grow and turn it into something real from which to profit. Apart from the normal transaction already talked about above where one person buys from another and registers on the blockchain, today there are already several companies that accept bitcoin as a form of payment for their services, some examples are: – Real estate – Clothing ·         Pizza Hut – Art – Web services – Video games Today we can see that cryptocurrencies have been included in the world in different ways, they have not been in existence as long as money and the classic exchange that human being has had since the beginning of time, but it has been a currency that has begun to take its place in the world, its popularity and value is something that has not stopped advancing. There are more and more companies that understand its value and security in the exchange of goods and services, so betting on this type of currency can be a good investment wherever you look.
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Principales crptomonedas en Brasil

Brazil leads the cryptocurrency market in Latam

Something that characterizes the growing Latam's willingness to adopt cryptocurrencies, are its geoeconomic characteristics, as we have discussed previously, the fluctuating inflation and eventual devaluations of different countries in this region make decentralized finances a perfect path to stability economy of countries like Argentina in general terms. In the case of Brazil, there are some important facts to know before launching a new cryptocurrency.
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blockchain-for-everyone

Binance launches free online Blockchain course with NFT certificates

The cryptocurrency crisis is not an obstacle to continue learning about them and all they have to offer because the more people know how crypto works, the easier it will be to avoid scams, frauds, and collapses. Binance takes action Binance, the world’s largest exchange, has Binance Academy, which has just launched a free online course called “Blockchain for Everyone”. Successful completion of all six modules of the course will award a non-fungible token (NFT) certificate. These are the following modules: Blockchain Fundamentals The opening course is planned to be followed by the launch of intermediate and advanced levels in the future, as well as professional certificates for students aspiring to careers in the Blockchain and crypto space. Binance’s chief marketing officer, He Yi, explained that: “The blockchain industry is still in its nascent stage. Many new concepts are coined, such as NFT and metaverse. We believe that creators and builders shape the future of our industry. Therefore, empowering more creators and builders with knowledge is key.” This is not the first course offered by Binance, but it is the first to award NFT certificates. Conclusion This is an effort to bring back the crypto ecosystem. In addition, Binance announced days ago the Binance Recovery Fund for serious crypto projects facing a liquidity crisis. Hopefully, this will motivate other platforms to opt to teach people more about the crypto world and motivate them to enter this world that has a lot to offer.
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