There are people who wonder who can use cryptocurrencies ..the answer is everyone ..young, old, male, female ...But before you start you need to have a basic knowledge of ... let's get started
What are cryptocurrencies:
There were many digital currency creations during the 90's, better known as Flooz, Beenz and DigiCash appeared on the market but soon failed.
In early 2009, an anonymous developer or group of developers under the pseudonym Satoshi Nakamoto introduced Bitcoin. Satoshi described it as a "peer-to-peer" electronic money system. "It is completely decentralized.In a decentralized network such as Bitcoin, each individual participant must do this work. This is done through Blockchain - the public book of all transactions that have ever taken place within the network.
What can you do with bitcoin:
There are many merchants - both online and offline - who accept Bitcoin as a form of payment. From online retailers to hotels, flights, jewelry, applications, computer parts, and even college degrees. Other digital currencies such as Litecoin, Ripple, Ethereum and so on are still not accepted as broad.
Invest:
Many believe that cryptocurrencies are currently the biggest investment opportunity.
Ethereum is the second most valued cryptocurrency, it recorded the fastest growth.
Yet cryptocurrencies are high risk investments. Their market value varies like no other asset.
you must pay close attention to the market value of the cryptocurrency. Coinmarketcap is a solution for tracking the price, volume, circulation offer and market constraint of most existing cryptocurrencies.
Once you buy your cryptocurrency, you need a way to store it. All major stock exchanges offer wallet services. It is best if you store your assets in an offline wallet on your hard drive or in a hardware wallet. This is the safest way to store money.
Cryptocurrencies:
Bitcoin - The first cryptocurrency to start everything.
Ethereum - A turing-complete programmable currency that allows developers to build a variety of distributed applications and technologies that would not work with Bitcoin.
Ripple - Unlike most cryptocurrencies, it does not use Blockchain to reach a consensus on transactions across the network.Instead, an iterative consensus process has been implemented, which makes it faster than Bitcoin, but also makes it vulnerable to hacker attacks.
Bitcoin Cash - It has only been around for a few months, but has already risen to the top five cryptocurrencies in terms of market limits.
NEM - Unlike most other cryptocurrencies that use the Proof of Work algorithm, it uses Proof of Importance, which requires users to already own a certain amount of coins in order to get new ones.
IOTA - This revolutionary general ledger technology is called "Tangle" and requires the sender of the transaction to provide proof of operation that approves the two transactions. IOTA thus removed dedicated miners from the process.
NEO - It is a smart contract network that allows, above all, to develop all types of financial contracts and distributed third-party applications. It has many of the same goals as Ethereum.
Dash - It is a two-layer network. The first level is the miners who secure the network and record transactions, while the second consists of a ‘masternode’. The first is significantly faster than Bitcoin, while the second is completely anonymous.
Ktum - It is a combination of Bitcoin and Ethereum technology intended for business applications.
Monero - cryptocurrency with the possibility of private transactions.
Ethereum Classic - The original version of Ethereum. The split occurred after a hacked decentralized autonomous organization built on top of the original Ethereum.
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