Report post
What is crypto & how does it work?
Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.What is a cryptocurrency system?
According to Jan Lansky, a cryptocurrency is a system that meets six conditions: The system does not require a central authority; its state is maintained through distributed consensus. The system keeps an overview of cryptocurrency units and their ownership. The system defines whether new cryptocurrency units can be created.How do I buy crypto?
You can purchase crypto through a cryptocurrency exchange or any financial institution that can broker a cryptocurrency transaction. Once you purchase cryptocurrency, you can secure your crypto coins in a digital wallet, online wallet, or hardware wallet. What are the risks of investing in crypto?Who controls a cryptocurrency?
In fact, no single person, company, or government controls a crypto's blockchain. Instead, it's run by a decentralized network of computers worldwide. Anyone with advanced technology skills and coding experience can create a cryptocurrency. The lack of a central authority can also make cryptocurrencies more secure.