What are Cryptocurrencies?
Cryptocurrencies are digital assets secured by encryption techniques (cryptography). Most cryptocurrencies operate on a decentralised blockchain, it does not have a central authority, the information is shared and spread across the network of nodes1. Decentralisation which provides blockchains with pseudonymity2, transparency, security and immutability3. Many investors consider Bitcoin ($BTC) as the first cryptocurrency, founded in 2009 by Satoshi Nakamoto, $BTC was designed with the intention of becoming a payment system for peer-to-peer transactions....(A crypto enthusiast’s point of view. This article is a contribution article by Larries, a crypto enthusiast, who began investing in the crypto space since early 2018. The information in this article are meant purely for informational purposes and should not be relied upon as financial advice. We recognise that Cryptocurrencies are assets that are highly volatile and speculative in nature, so do your own due diligence. For more crypto news and updates, check out: https://beacons.page/larries)
