Everything you need to know about Bitcoin, crypto and the world of cryptocurrencies!
If you've heard someone talk about Bitcoin and cryptocurrencies and you're a little lost, don't worry! I'll explain it in a simple and easy way😎👍🏼
What is Bitcoin?
Bitcoin (BTC) is the first and most famous cryptocurrency in the world. Created in 2009 by a mysterious programmer (or group) called Satoshi Nakamoto, it is a digital currency that does not depend on governments or banks to function. This is because it runs on a network called blockchain, which is like a giant digital ledger that everyone can see, but no one can change.
What is Crypto?
"Crypto" is the affectionate nickname for cryptocurrencies, which are digital currencies based on blockchain technology.
They are secure, transparent and, best of all: decentralized. There are thousands of cryptos out there, and each one has a purpose, such as fast transactions, smart contracts or even games!
What is mining?
Think of mining as the work of those who keep the blockchain running. To validate transactions and create new Bitcoins (or other currencies), super-powerful computers solve complex mathematical problems.
• When a computer solves the problem, it earns a reward (new coins!).
• Nowadays, mining requires expensive equipment and consumes a lot of energy, which is how Bitcoin began to circulate.
Top 5 most famous cryptocurrencies
• Bitcoin (BTC): The "daddy of them all", the first cryptocurrency and the most valuable to date.
• Ethereum (ETH): The queen of smart contracts, essential for NFTs and decentralized applications.
• Tether (USDT): A stablecoin, that is, it has a fixed value (usually pegged to the dollar). It is ideal for those who want to avoid volatility.
• Binance Coin (BNB): The currency of the largest cryptocurrency exchange, used for discounts on fees and more.
• Cardano (ADA): Known for its focus on sustainability and innovative technology.
But remember: do your research, invest wisely, and never put everything in one place. 😉
