Cryptocurrency Trading Strategy In a Nutshell: The Secrets behind Cryptocurrency

by Lauren Jude, Paul Vigna (Illustrator)

*Cryptocurrency* is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority, what this mean, is Crypto is a form of payment that can buy goods and services or even trade for profit. Today companies issue their own currencies often called tokens,and these tokens can be traded specifically for their good or service. Let me illustrate better Let's say Guisness creates its own coin "Guisness coin" if an individual have this coin the person can exchange it to either cash or use the coin to directly access any Guisness product or service _(pls this is just and example to help you understand better)._ Like this coin that's what cryptocurrency is. The next question is *How does this Cryptocurrency work?* *How does this crypto works* Crypto works using a technology called " _Blockchain_ "(Blockchain is system of recording information in a way that makes it difficult to change,hack or cheat) *The question here is how does this blockchain work* ? Fellow up let me break it down. *How does the blockchain works?* A blockchain collects information together in groups, also called blocks, these blocks have certain storage capacities and when filled are chained onto the previously *_filled block_* forming a chain of information known as the *blockchain* and so all information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled, This book has more

12 pages, Kindle Edition

Published April 11, 2021