📚 Things you should know about cryptocurrencies – Part 1

Basic information so you don't look like a deer in headlights when people talk about crypto.

🔍 What are cryptocurrencies and why are they revolutionizing the financial system?

Cryptocurrencies are digital assets that use cryptography to secure transactions without the need for banks or intermediaries. They operate on blockchains: public, secure, and decentralized records.

💡 Key points to stay ahead:

✅ Bitcoin (BTC) was the first: it was born in 2009 in response to the financial collapse.

✅ Ethereum (ETH) brought smart contracts: the brain behind thousands of decentralized apps.

✅ There are thousands of cryptos. Not all serve the same purpose, and not all are worth it!

✅ They are used for investing, paying, sending money, or interacting with Web3 technologies.

🚀 Why do people enter the crypto world?

-Promise of financial freedom

-Real control over your money

-High-tech innovation

-Global financial inclusion

⚠️ Note: there is also volatility, scams, and smoke. Therefore, learning is your best investment.

📌 Key terms you should know:

🔸 Blockchain: The technological foundation of cryptos. It’s like a public ledger, where each block securely records transactions in a transparent and unchangeable way.

🔸 Decentralized apps (dApps): Applications that run on blockchains, without central control.

🔸 Web3 technologies: Evolution of the Internet where you have control over your data, identity, and money.

🔸 Volatility: Sudden changes in the price of an asset. In crypto, the ups and downs are part of the game.

🔸 Smoke in crypto: Projects that promise a lot but have no real basis. Watch out for the snake oil salesmen.

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