Cryptocurrency 101 - Crypto 🌟 Bitcoin 🌟 Ethereum

in #cryptocurrency7 years ago


DIGITAL CURRENCY
● A means of payment that exists purely in electronic form.
● Digital money is not tangible like dollar bills or coins.
● Accounted for and transferred using computers,
smartphones, credit cards and the internet.

CRYPTOCURRENCY
● Cryptocurrency is a digital currency.
● Cryptocurrency is extremely difficult to counterfeit.
● Cryptocurrency is not issued by any central authority.
● Cryptocurrency is less susceptible to interference or manipulation.
● Cryptocurrency uses blockchain to store the details of all
transactions.
● Bitcoin is the most well known cryptocurrency.

BLOCKCHAIN
● Digitized, public ledger of all the recent cryptocurrency
transactions called blocks.
● Blocks are linked and secured using cryptography.
● Allows market participants to keep track of digital
currency transactions without central recordkeeping.

THE FUTURE
● Because of the unique benefits, many people believe
cryptocurrencies will replace traditional currencies in
the future.
● People all over the world are investing in or purchasing cryptocurrency coins.

CRYPTOCURRENCY MINING
● Cryptocurrencies are digitally mined rather than produced by a government.
● Mining cryptocurrency is the act of participating in a peer to peer
cryptocurrency network to solve complex mathematical sequences or problems digitally.
● Cryptocurrency mining includes two key functions:
○ 1 - Adding, securing, and verifying transactions to the blockchain
○ 2 - Releasing or producing new currency
● Cryptocurrency miners use special hardware and mining software to solve each mathematical sequence and are rewarded for doing so.
● Hash Rate: The speed at which the computing takes place is called the hash rate. A higher hashrate or more hashing power is better as it increases the opportunity of finding the next block and receiving the reward.

HOW CAN YOU CAPITALIZE?
● Wealth Generators has invested into state of the art cryptocurrency
mining equipment in Hong Kong and Iceland.
● Cryptocurrency mining equipment lease contracts are now available to CRYPTO customers.
● Contracts provide customers 1200 days of cryptocurrency mining

To learn how you can start mining cryptocurrency today, visit http://bit.ly/digitalcurrencyqueens for more info.