The Cryptocurrency Revolution of 2009: Who is in on It?
It all started with the first cryptocurrency ever made, the U.S. Bitcoin in 2009, and this coin is still the most popular, but many others like Ethereum, Litecoin, #Dogecoin, etc. are gaining momentum. As of early 2021 there are over 4000 cryptocurrencies and though they may not have taken off in your country, they are widely used in places like #Nigeria, Vietnam and the #Phillippines.
Dogecoin: The Ultimate Beginner's Guide for Understanding Dogecoin And What You Need to Know (Beginning, Mining, Step by Step, Miner, Exposed, Trading, Basics, Cryptocurrency)
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What is #Cryptocurrency?
According to Wikipedia, and per Andy Greenberg of Forbes and Tom Polansek of Reuters, "cryptocurrency, crypto-currency, or crypto is a binary data designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership."
It does not exist as a physical monetary form and is not issued by any specific government. This works well for those who do not dwell in first world countries or who do not have reputable forms of currencies and banks. Old terms like mining, architecture, wallets, block chain, tokens, nodes, timestamping, etc., are being refurbished to have completely different meanings when it comes to crypto.
Why is #Dogecoin taking the Cryptocurrency Market by Storm?
Dogecoin started out as a joke. Software engineers Billy Markus and Jackson Palmer created the system to make fun of the crypto industry and they must have set things up pretty well. #Dogecoin took off in the markets as a valid investment with the crypto being worth $85,314,347,523 in mid 2021. Yes, it is a big deal, partially because of the support of Elon Musk and his purchase of Dogecoin for his youngest son X Æ A-Xii.
Are There Any Companies That Are Making Headlines in Crypto?
There are many different types of #cryptocurrencies however the most popular remains the first that was created, which is Bitcoin. It is said that 36% of small to medium businesses in the US accept Bitcoin, the most popular being Wikipedia, Microsoft and AT&T. Restaurants like Pizza Hut, Burger King, Subway and KFC are also in on the crypto action and accept cryptocurrency as a form of payment.
Where Can You Buy Cryptocurrency?
In order to purchase, trade or begin using cryptocurrencies, you must first buy it from a crypto exchange such as:
Coinbase
Binance
BlockFi
Voyager
Kraken
You may have to purchase a 'piece' of it simply because one Bitcoin is worth $43,953.96 as of the creation of this post. Other coins are much cheaper and investors want to get in at ground zero in hopes that crypto will take off and so will they.
You can easily purchase fractions of Bitcoin on exchanges such as $CashApp.
Welcome to a new world of money, exchanges, investments and more!