-
Notifications
You must be signed in to change notification settings - Fork 0
/
Define-cryptocurrency-and-how-it-works.html
336 lines (268 loc) · 15.3 KB
/
Define-cryptocurrency-and-how-it-works.html
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />
<meta name="referrer" content="strict-origin-when-cross-origin">
<meta name="author" content="DarkSoul">
<link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png">
<link rel="icon" type="image/png" sizes="32x32" href="/favicon-32x32.png">
<link rel="icon" type="image/png" sizes="16x16" href="/favicon-16x16.png">
<link rel="manifest" href="/site.webmanifest">
<meta name="description" content="This article will guide you to get to know what is cryptocurrency and how it works." />
<meta name="keywords" content="Define cryptocurrency and how it works?, DarkSoul, cryptocurrency, how Cryptocurrency works, crypto" />
<link rel="preconnect" href="https://fonts.googleapis.com">
<link rel="preconnect" href="https://fonts.gstatic.com" crossorigin>
<link href="https://fonts.googleapis.com/css2?family=Work+Sans:wght@400;600;700&display=swap" rel="stylesheet">
<link rel="stylesheet" href="fonts/icomoon/style.css">
<link rel="stylesheet" href="fonts/flaticon/font/flaticon.css">
<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/bootstrap-icons@1.8.1/font/bootstrap-icons.css">
<link rel="stylesheet" href="css/aos.css">
<link rel="stylesheet" href="css/glightbox.min.css">
<link rel="stylesheet" href="css/style.css">
<link rel="stylesheet" href="css/flatpickr.min.css">
<title>Define cryptocurrency and how it works - DarkSoul Git Blogs</title>
<script type="application/ld+json">
{
"@context": "http://schema.org",
"@type": "Organization",
"url": "https://darksoul-git.github.io/",
"name": "DarkSoul - Best UI/UX Designs and blogs for better understanding",
"description": "DarkSoul, your number-one source for all things. We're dedicated to giving you the very best of designs and blogs with an emphasis on technical, graphical, and logical",
"logo": "https://darksoul-git.github.io/images/logo.png",
"sameAs": [
"https://codepen.io/DarkSoul-/",
"https://dribbble.com/DarkSoulinDribble/"
]
}
</script>
<style>
@font-face
{
font-family: "icomoon";
src: url("https://darksoul-git.github.io/fonts/icomoon/fonts/icomoon.ttf?");
font-display: swap;
}
h2, h3{
font-family: 'Ubuntu', sans-serif;
}
.content
{
font-family: "Work Sans", sans-serif !important;
text-align: justify;
color: black;
line-height: 1.6;
}
.content h3, .content h2
{
font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;
}
h4
{
font-weight: bolder !important;
color: white !important;
font-family: system-ui, -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;
}
.date{ color: black !important;}
.blog-entry{color: black !important;}
</style>
<script type="text/javascript">
(function(c,l,a,r,i,t,y){
c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)};
t=l.createElement(r);t.async=1;t.src="https://www.clarity.ms/tag/"+i;
y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y);
})(window, document, "clarity", "script", "iir3jmgyug");
</script>
<!-- Google tag (gtag.js)-->
<script async src="https://www.googletagmanager.com/gtag/js?id=G-015RX6GMQJ"></script>
<script>
window.dataLayer = window.dataLayer || [];
function gtag(){dataLayer.push(arguments);}
gtag('js', new Date());
gtag('config', 'G-015RX6GMQJ');
</script>
</head>
<body>
<!-- Mobile Navigation Bar -->
<div class="site-mobile-menu site-navbar-target" id="mobilenav">
</div>
<!-- Desktop Navigation Bar -->
<nav class="site-nav bg-dark" id="header">
</nav>
<div class="site-cover site-cover-sm same-height overlay single-page bg-dark">
<div class="container">
<div class="row same-height justify-content-center">
<div class="col-md-6" >
<div class="post-entry text-left" >
<h1 class="mb-4" style="font-weight: 800;">Define Cryptocurrency and how it works?</h1>
<div class="post-meta align-items-center text-left">
<figure class="author-figure mb-0 me-3 d-inline-block"><img src="favicon.ico" alt="Image" class="img-fluid"></figure>
<span class="d-inline-block mt-1">By DarkSoul</span>
<span> - September 10, 2023</span>
</div>
</div>
</div>
</div>
</div>
</div>
<section class="section">
<div class="container">
<div class="row blog-entries element-animate">
<div class="main-content">
<div class="post-content-body content">
<div class="col-md-12 mb-4" style="display: flex;">
<img src="images/Define Cryptocurrency and how it works.png" alt="Define Cryptocurrency and how it works - cover image" class="img-fluid rounded justify-content-center" style="margin: auto;">
</div>
<h2>Define Cryptocurrency and how it works?</h2>
<p>Cryptocurrency has been making headlines for quite some time now, and you might have heard about it in casual conversations or on the news. But what exactly is cryptocurrency, and why should you care about it? Let's break it down in simple, everyday language.
</p>
<h3>What is Cryptocurrency?</h3>
<p>
At its core, cryptocurrency is a type of digital or virtual currency. Instead of using paper bills or metal coins, it's all about digital bits and bytes. It's like money for the internet age, and it's pretty darn fascinating.
</p>
<h3>How Does It Work?
</h3>
<p>
Okay, imagine you want to send money to your friends across the world. With traditional banks, this involves a bunch of intermediaries, paperwork, and fees. Cryptocurrency cuts through all that red tape. When you send someone cryptocurrency, it's like sending an email – it's fast and direct.
Here's the magic behind it: Cryptocurrency relies on something called <a href="Blog1.html" style="color: rgb(0, 195, 255);"><b>blockchain technology</b></a>. Think of a blockchain as a digital ledger or a chain of blocks (hence the name). Each block contains a list of transactions, and they're all connected in chronological order. Once a transaction is added to the blockchain, it's pretty much there forever, making it super secure and transparent.</p>
<h3>No Middlemen, No Problem</h3>
<p>
One of the coolest things about cryptocurrency is that it's decentralized. What does that mean? Well, there's no central authority, like a government or bank, controlling it. Instead, it's run by a global network of computers (miners) that work together to validate transactions. This means no more middlemen taking a cut of your hard-earned money.</p>
<h3>Types of Cryptocurrency
</h3>
<p>
Bitcoin is probably the most famous cryptocurrency out there, but it's not the only one. There are thousands of different cryptocurrencies, each with its unique features and purposes. Some are designed for privacy (like Monero), while others focus on super-fast transactions (hello, Litecoin).
</p>
<h3>Why Should You Care?</h3>
<p>
Now that you know what cryptocurrency is, you might wonder why it matters. Here are a few reasons why you should pay attention:
</p>
<p>
1. Financial Freedom: Cryptocurrency allows you to be in control of your money. No one can freeze your account or limit your access to your funds.
</p>
<p>
2. Lower Transaction Fees: Traditional banking and money transfer services can charge hefty fees. Cryptocurrency transactions are often cheaper, especially for international transfers.
</p>
<p>
3. Investment Opportunities: Some people have made a fortune by investing in cryptocurrencies. But remember, it's also risky, so do your homework before diving in.
</p>
<p>4. Future of Finance: Many experts believe that cryptocurrency is the future of finance. It's changing the way we think about money and how we interact with it.
</p>
<h3>In Conclusion</h3>
<p>Cryptocurrency might seem like a complex topic, but at its core, it's a simple and revolutionary concept. It's digital money that's secure, transparent, and accessible to anyone with an internet connection. While it's not without its challenges and risks, it's worth keeping an eye on as it continues to reshape the financial world.
So, whether you're intrigued by the idea of digital currencies or just curious about this brave new world of finance, cryptocurrency is definitely something worth exploring. Who knows, you might just find it's the future of money that you've been waiting for!
</p>
<div class="bg-dark text-white" style="display: flex; height: 100px; text-align: center; justify-content: start; align-items: center; font-size: larger;"><p class="m-auto">Get to Know More: <a href="What-are-the-applications-of-blockchain.html" style="color: rgb(0, 195, 255);">What are the applications of blockchain?</a></p></div>
<div class="pt-5">
<p>Categories: <a href="category.html">Tech Blogs </a> Tags: <a href="#">#Cryptocurrency</a>, <a href="#">#Define Cryptocurrency and how it works</a></p>
</div>
<div class="comment-form-wrap pt-5">
<h3 class="mb-5" style="color: black;">Leave a comment</h3>
<form action="https://docs.google.com/forms/d/e/1FAIpQLSfy_pkp3cVBSPDNpS27p2F_zKnwC6O1dNXrFTscjn_XxITQ-w/formResponse" class="p-5 bg-light">
<div class="form-group">
<label for="name">Name</label>
<input type="text" class="form-control" id="name" name="entry.505217379" required autocomplete="on">
</div>
<div class="form-group">
<label for="email">Email</label>
<input type="email" class="form-control" id="email" name="entry.1718450961" required autocomplete="on">
</div>
<div class="form-group">
<label for="subject">Subject</label>
<input type="text" class="form-control" id="subject" name="entry.390459327" required autocomplete="on">
</div>
<div class="form-group">
<label for="message">Message</label>
<textarea name="entry.117980495" id="message" cols="30" rows="10" class="form-control" required autocomplete="on"></textarea>
</div>
<div class="form-group">
<input type="submit" value="Post Comment" class="btn btn-outline-dark">
</div>
</form>
</div>
</div>
</div>
<!-- END main-content -->
</div>
</div>
</section>
<!-- Start posts-entry -->
<section class="section posts-entry posts-entry-sm bg-light">
<div class="container">
<div class="row mb-4">
<div class="col-12 text-uppercase text-black">More Blog Posts</div>
</div>
<div class="row">
<div class="col-md-6 col-lg-3">
<div class="blog-entry">
<a href="Blog2.html" class="img-link">
<img src="images/Where do I learn about Blockchain.png" alt="Where do I learn about Blockchain" class="img-fluid">
</a>
<span class="date">Aug. 23rd, 2023</span>
<h2><a href="Blog2.html">Where do I learn about Blockchain?</a></h2>
<p>Learning about Blockchain technology can be an exciting journey, as it combines various fields..
</p>
<p><a href="Blog2.html" class="read-more">Continue Reading</a></p>
</div>
</div>
<div class="col-md-6 col-lg-3">
<div class="blog-entry">
<a href="Blog3.html" class="img-link">
<img src="images/How Blockchain affects Share market.png" alt="How Blockchain affects Share market" class="img-fluid">
</a>
<span class="date">Sept. 2nd, 2023</span>
<h2><a href="Blog3.html">How Blockchain affects Share market?</a></h2>
<p>Blockchain has the potential to impact the share market in several ways..
</p>
<p><a href="Blog3.html" class="read-more">Continue Reading</a></p>
</div>
</div>
<div class="col-md-6 col-lg-3">
<div class="blog-entry">
<a href="What-are-the-uses-of-blockchain.html" class="img-link">
<img src="images/What are the uses of blockchain.png" alt="What are the uses of blockchain?" class="img-fluid">
</a>
<span class="date">Sept. 15th, 2023</span>
<h2><a href="What-are-the-uses-of-blockchain.html">What are the uses of blockchain?</a></h2>
<p>Blockchain, in essence, is a digital ledger making waves in various aspects of our lives..
</p>
<p><a href="What-are-the-uses-of-blockchain.html" class="read-more">Continue Reading</a></p>
</div>
</div>
<div class="col-md-6 col-lg-3">
<div class="blog-entry">
<a href="What-are-the-applications-of-blockchain.html" class="img-link">
<img src="images/What are the applications of blockchain.png" alt="What are the applications of blockchain" class="img-fluid">
</a>
<span class="date">Sept. 27th, 2023</span>
<h2><a href="What-are-the-applications-of-blockchain.html">What are the applications of blockchain?</a></h2>
<p>Blockchain, technology, born as the backbone of cryptocurrencies,..
</p>
<p><a href="What-are-the-applications-of-blockchain.html" class="read-more">Continue Reading</a></p>
</div>
</div>
</div>
</div>
</section>
<!-- /.site-footer -->
<footer class="site-footer bg-dark" id="footer">
</footer>
<!-- Preloader -->
<div id="overlayer"></div>
<div class="loader">
<div class="spinner-border text-primary" role="status">
<span class="visually-hidden">Loading...</span>
</div>
</div>
<script async src="js/header.js"></script>
<script async src="js/footer.js"></script>
<script src="js/bootstrap.bundle.min.js"></script>
<script src="js/flatpickr.min.js"></script>
<script src="js/aos.js"></script>
<script src="js/glightbox.min.js"></script>
<script src="js/navbar.js"></script>
<script src="js/counter.js"></script>
<script src="js/custom.js"></script>
</body>
</html>