BEGINNER'S GUIDE 1 ๐น๐ฐ
#Everyone #Beginnersguide #BinanceChallenge #BinanceSeasonOfGiving
Welcome beginners to meeluh Talks Crypto. There's a lot for beginners to know about crypto, so I decided to explain everything in separate posts. Ok let's dive in ๐.
โ FIRST THINGS FIRST HOW DOES CRYPTO WORKS ? ๐ซฐ
Cryptocurrency is digital currency that doesnโt require a bank or financial institution to verify it's transactions and can be as a form monetary asset. Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades.
โ WHAT IS CRYPTOCURRENCY ? ๐ฐ
Cryptocurrency is a digital payment platform that eliminates the need to carry physical money. It exists only in digital form, and although people mainly use it for online transactions you can exchange it for hard currency like the dollar etc. Unlike traditional money printed only by the government, several crypto platforms like binance sell cryptocurrency.
Follow as I'll be posting the rest of the beginners guide daily adios ๐๏ธ