What are cryptocurrencies, classes and how does it work?

 Here you will learn everything related to cryptocurrencies since they are cryptocurrencies, which is the best known and its classes

Cryptocurrencies

A cryptocurrency is a virtual currency to buy and sell online where you can make many investments. Similar to PayPal or bank transfers.

 

As you know, the online payment gateways that we know today belong to organizations. They hold your money and you must request a transaction or transfer in your name if you want to spend on something.

 

With cryptocurrencies, there is no organization. So, both you and your friends and family can be your own bank, thanks to the fact that your computer connects with other people's computers, which allows direct communication, that is, without intermediaries!

 

To use your cryptocurrencies you do not need to register on any website, use your email or a password. You can download a wide range of apps on your smartphone to send and receive crypto in a matter of minutes.

 

The name of cryptocurrencies is the combination between cryptography and currency. With the use of crypto, we use advanced mathematics to provide greater security for our funds, making sure that no one else except ourselves can spend our cryptocurrencies.

 

Within cryptocurrencies the most famous is Bitcoin, it is the original cryptocurrency and to date it remains the most popular.

Who invented or created Bitcoin?

Surprisingly, no one knows who the creator of Bitcoin was. We only know his alias Satoshi Nakamoto. Satoshi could be a single person, a group of programmers or if you believe some of the weirder theories he could be an alien or a secret government team.

Satoshi published a 9-page document in 2008 detailing how the Bitcoin system works. Months later, in 2009, his software was released.

Bitcoin provided the foundation for many cryptocurrencies. Some are even based on the same software, while others have taken a different approach

 

cryptocurrency classes

Making a list of all existing cryptocurrencies would take us a long time but I will give you the name of the best known:

Bitcoin (BTC)

Ethereum (ETH)

Cardan (ADA)

Tether (USDT) Advantages of Tether.

Binance Coin (BNB) Advantages of BNB Token.

Ripple (XRP)

Dogecoin (DOGE)

USDCoin (USDC)

I want to give you as advice before investing your money in any project, make sure you have done enough research.