Raschweinf

Cryptocurrency is a digital asset that doesn't have a physical form, but has value and can be traded like money. Many people ask: where does crypto actually come from? Here are some of the main ways to get cryptocurrency:

⸻
1. Buying on an Exchange (The Most Common Method)
The easiest way to get crypto is to buy it on an exchange platform like Binance, Tokocrypto, Coinbase, and others.
We simply:
• Register an account
• Deposit money (rupiah/dollar)
• Buy crypto like Bitcoin, Ethereum, Solana, etc.
This is similar to buying gold or stocks, only in the form of digital assets.

⸻
2. Mining (Crypto Mining)
Mining is the process of validating transactions on a blockchain network using specialized computers. In return, miners receive crypto.
However:
• Requires a powerful computer and a large amount of electricity
• Now more suitable for large-scale/enterprise use
• Not all crypto can be mined

⸻
3. From Rewards, Airdrops, or Events
Some crypto can be obtained for free or as gifts, for example:
• Airdrops (giving away free tokens)
• Rewards from crypto apps
• Events or campaigns from exchanges
• Playing crypto games (Play-to-Earn)
Usually small amounts, but can become valuable if the price rises.

⸻
4. From Trading or Investing
People can also increase their crypto holdings by:
• Trading (buy low, sell high)
• Long-term investment (holding)
Profits come from price differences, not from minting new coins.

⸻
5. Get Paid Using Crypto
Now, some people:
• Get paid using crypto
• Get paid for services using crypto
• Sell products/services and receive crypto payments
This means crypto can be earned like regular money, but in digital form.

#howtogetcrypto #Binance

The term “mining” is inseparable from discussions about cryptocurrency.
Mining is the process of verifying transactions and adding new blocks to the Bitcoin blockchain network (Dirgantara, 2023). This process also generates new bitcoins, which are then released into circulation. Mining is performed by solving complex mathematical puzzles. It is called “mining” because, through the validation of transactions and the addition of new blocks to the blockchain, new bitcoins are created—similar to how mining gold requires effort and resources.
Likewise, Bitcoin mining requires significant computational power. To validate Bitcoin transactions, miners compete to solve cryptographic puzzles using specialized computers known as Application-Specific Integrated Circuits (ASICs). The mining process is governed by a mechanism called Proof of Work (PoW), which regulates how new transaction blocks are added to the blockchain.
Once data is recorded on the blockchain, it cannot be altered, because any change would modify the hash of that block and all subsequent blocks. A hash itself is a cryptographic output consisting of 64 hexadecimal characters, which makes the system highly secure and extremely difficult to tamper with.
Between 2020 and 2024, miners who successfully mined Bitcoin received a reward of 6.25 BTC per block. This reward is reduced approximately every four years in order to maintain Bitcoin’s scarcity and long-term value. This reduction process is known as the Bitcoin Halving.
#Mining
#BTCHALIVING

Cryptocurrency is a form of digital currency that operates through a system known as blockchain technology. One of the most frequently discussed cryptocurrencies is Bitcoin, which was first introduced by Satoshi Nakamoto in 2008 (Lee et al., 2018). The main advantage of cryptocurrency lies in its decentralized nature. This means that transactions are not controlled by a single entity, but instead are managed by a large network of participants known as miners, who use their computing power to maintain and secure the network.

Cryptocurrency can be considered a derivative of digital currency, but it has recently become a significant and influential part of the digital financial ecosystem. Although cryptocurrencies use cryptographic technology similar to other digital currencies, they often employ different algorithmic designs.

The idea of a cryptography-based payment system was first proposed by David Chaum from the University of California, who introduced a product called DigiCash that aimed to protect the confidentiality of its users’ data. One of the major advantages of cryptocurrency is that it can be sent anywhere via the internet without the need to go through a bank, resulting in lower transaction costs (Syamsiah, 2017). However, cryptocurrencies also have several disadvantages that must be considered.
For example, cryptocurrency prices are highly volatile and do not behave like traditional currencies (Minutolo et al., 2022). Despite this limitation, many large multinational companies, such as Microsoft, PayPal, Overstock, Whole Foods, and Starbucks, have accepted Bitcoin as a payment method. Other companies, including Tesla and Square, have also taken positions in cryptocurrency. This trend indicates strong potential for mass adoption in the future.

During the COVID-19 pandemic, cryptocurrency became increasingly popular. This was partly because many people were required to stay at home, even for work-related activities. However, to meet their daily needs, people still had to find ways to earn income. In this context, cryptocurrency emerged as one possible alternative source of income during strict lockdown periods.

Minutolo et al. (2022) found that several studies indicate cryptocurrency prices react to changes in market conditions and economic fundamentals in the short term. However, cryptocurrency values tend to be more strongly influenced by economic fundamentals than by market conditions, which contributes to their high volatility. From an investment perspective, simply including Bitcoin in a portfolio can improve the overall risk–return trade-off.
Furthermore, Bezhovski et al. (2021) reported that, by transaction volume, the most widely used payment methods in e-commerce are digital wallets (41.8%), followed by bank cards (debit or credit) at 39.8%, bank transfers at 9%, and cash payments at 4.5%. These figures may vary depending on the country or region.
#cryptocurreny #Whatiscryptocurrency

Cryptocurrency first became known and gained public interest when Nakamoto (2008) introduced Bitcoin to the world in 2008. Satoshi Nakamoto's goal in creating Bitcoin was to decentralize a payment system free from central control or any third-party intermediaries.
Until early 2010, Bitcoin was still the only cryptocurrency on the market. At that time, its price was only a few cents. Several years later, new digital currencies entered the market, but their prices were also volatile, such as Bitcoin. Nakamoto (2008) attempted to create a blockchain system to protect every transaction. The blockchain system guarantees the security of cryptocurrency transactions, disrupting the conventional financial industry.

After experiencing various failures, Nakamoto (2008) finally launched a coin called Litecoin. This coin was the first financial currency to use a proof-of-work or proof-of-stake system.
Proof-of-work is a system whose primary purpose is to prevent cyberattacks, such as sending malicious emails and spam. Meanwhile, proof-of-stake is a concept in crypto assets that explains that you, as a user, can mine or validate your crypto asset transactions, based on the number of coins you hold. To illustrate, the more crypto assets a miner owns, the greater their bargaining power in mining a crypto asset. Cryptocurrency is actually a derivative of digital currency.
Cryptocurrency has a key feature: decentralized transactions, meaning that transactions are not controlled by a single entity but managed by many participants known as miners. The most well-known cryptocurrency is Bitcoin, but there are many other cryptocurrencies such as Ethereum, Dogecoin, Cardano, Monero, Tron, and others.
It turns out that cryptocurrency technology began in 1983. In that year, David Chaum, a cryptographer, created a cryptographic electronic currency called e-cash. In 1995, David Chaum11 implemented this through Digicash, an early form of cryptographic electronic payment. Digicash required user software to retrieve bank notes and designate a specific encrypted key before sending them to the recipient. This prevented the government, issuing bank, or any third party from tracking the transaction. In 1996, the US National Security Agency (NSA) published a paper titled "How to Make a Mint: The Cryptography of Anonymous Electronic Cash," which explored the cryptography of electronic cash. In the late 1990s, scientists such as Wei Dan, Hal Finney, and Nick Szabo created cryptocurrency systems, but none of their creations achieved widespread success. Nevertheless, their work, along with that of David Chaum, became the cornerstones of this currency system.

#cryptocurreny
#satoshiNakamato
$BTC