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Snippet #4 What is a #coin in cryptoverse? A currency which is crypto in nature & has its own unique blockchain. (Some do not have this and use other coin’s blockchains.)
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Snippet #3 what is #cryptocurrency ??? A currency backed by science and numbers rather than a third party. Cryptography which is irreversible is used to create these numbers in such a way that they cannot be recreated independently making them unhackable. It is a self-sustaining & thriving system which has a unique ecosystem of its own.
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snippet #2 What is Blockchain? Blockchain: A series of discrete chunks (blocks) of information which are inextricably locked together in an unchangeable order and stored on many computers throughout the world. These store all the information required to allow a crypto to function I.e. who owns what, quantities, transaction history etc.#blockchain #crypto
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Snippets #01 What is an Asset? Asset: In the financial sense an asset is anything you can own which has inherent value. ex: Gold, stock, crypto etc. #crypto
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I'm gonna post crypto Lessons as snippets. All the newbies join in & follow me. We'll learn together. #crypto #newbie
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