Understanding the basics of cryptocurrency
Let's start with the fact that blockchain is a term often associated with cryptocurrencies such as Bitcoin. As of today, it creates a lot of noise and interest in various industries. But what is it?
Let's start with the fact that blockchain is a term often associated with cryptocurrencies such as Bitcoin. As of today, it creates a lot of noise and interest in various industries. But what is it?
So, what is a cryptocurrency? Watch this article on YouTube Let's start with the fact that any cryptocurrency is a decentralized digital currency that uses cryptography to provide an additional layer of security. It can function independently of various intermediaries, including banks and payment systems. Such a decentralized nature makes direct transactions between people easy and hassle-free. At the same time, instead of using physical wallets and bank accounts, people get access to th
Blockchain, or the so-called chain of blocks, is the basis for most cryptocurrencies, including Edelcoin. This is a decentralized technology that allows one to store data in encrypted form on the network, where each participant can verify and confirm transactions.