The interest in crypto coins, which have always been on the agenda recently and are accepted as the currency of the future, is increasing day by day. Whether their value decreases or increases by thousands of dollars, what is the place of these digital currencies, which have always been at the top for a long time, in the economy and which virtual currencies have the highest market value? We have told you for our esteemed Hemington Mag readers! What is cryptocurrency?
Cryptocurrency is a virtual currency that exists and is encrypted entirely digitally. The working logic is actually the same as debit cards and credit cards. Because as a result of these operations, only changes occur in the system data. We can think of these virtual coins as a means of shopping created as an alternative to all the currencies we know.
Cryptocurrencies that do not have any physical equivalent are not managed by an authority, government or bank, that is, they are not affiliated to any center. Cryptography, that is, a type of encryption technology, is used to verify the exchange transactions of crypto coins and to ensure that these transactions take place securely.
What is cryptology, let’s open a little more. Cryptology, a cryptographic science, ensures that data is encrypted according to a system. Thus, crypto money transfer is carried out through the creation and decryption of passwords on the virtual environment. The underlying cryptography technology is called blockchain.
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There are two ways to own cryptocurrency. The first is to get real currencies through the platform, and the second is to earn cryptographic passwords that you can earn crypto money as a reward as a result of (mining) block generation. You can trade these live virtual coins through platforms like bitlo.com. Since its value can be divided into small pieces, you can make any purchase in any amount.
Sites where you can buy crypto money in real currencies are called “crypto money exchanges”. You can convert your real money asset to any crypto currency you want through these sites, you can convert your crypto money asset to a different crypto currency or real currency. The only difference from the traditional stock exchange system is that you can make your investments with your own bank and crypto money exchange account and you do not need a brokerage firm. Is cryptocurrency legal?
The legality of digital currencies varies from country to country. While some countries allow the trade and use of crypto money, some countries have banned the use of crypto money. There are also countries where legality is still uncertain or variable. There is no law or restriction on the use of crypto money or Bitcoin in Turkey. Which virtual currencies have the highest market capitalization?
As you will often have heard, Bitcoin is the first virtual currency in this universe. It is said to have been developed by the person or persons who appeared in early 2009 under the code name Satoshi Nakamoto. More than 6000 altcoins have emerged after Bitcoin, which was released as open source software. Below we have listed the virtual currencies with the highest market capitalization for you.
Finally, let’s say that it is not yet possible to make crypto money analysis in a healthy way. The values of the units in the list change instantaneously. However, this does not change the fact that crypto coins are rapidly moving towards becoming the currency of the future. Crypto money predictions for the coming years are that these virtual coins will reach a value of $ 2 trillion.
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