What is Cryptocurrency?
Cryptocurrency is a digital currency that is secured by different kinds of algorithms. It has its own blockchain to support its features and secure it to the fullest. Cryptocurrency helps the people as it’s decentralized in that way there is no regulation like we have for fiat currency.
Cryptocurrency can be converted to cash via an exchange or a broker. Today many platforms are built as exchanges to buy and sell such cryptocurrency coins.
Cryptocurrency Guide
Cryptocurrency coins and tokens information can be found below websites :
The above websites have a lot of valuable information about coins their categories as well as their low and high on a daily, weekly, monthly, and yearly basis.
White Paper of a Cryptocurrency
Whitepaper helps to understand the purpose of creating cryptocurrency projects. The vision of the project, marketing plans. Different systems and their upcoming events. Distribution of the coins, which includes the total supply & circulating supply of the coins
Events of Cryptocurrency Projects
Events are important milestones, which help to increase the price and help the community with new features. It’s a sign of progress in the project and has a good advantage.
Burn events are also important to the project. Burn events help in regulating the supply of crypto coins. It is a simple concept less supply more is the price and more chances of profit growth.
The website from where we can get this information of upcoming events for any cryptocurrency is coinmarketcal.com
Cryptocurrency Exchanges
Exchanges also play an important role in any cryptocurrency, as we buy cryptocurrency we always stake unless we get our target and that is only when we get the best staking percentage and this differs as per different exchanges. Crypto exchanges take up a few documents for security purposes and identity is checked with help of that which is termed as KYC. Most exchange follows this security check while some of the exchanges are defi exchanges where only selected wallets are used to exchange the coins.
Defi Exchanges are pancakeswap, uniswap, and many others. Here identity is always anonymous and secured as wallets are secured with a double layer of security in which the first layer includes the 12 phrases password and another layer is an alphanumeric lock.
Conclusion
This is a basic overview for the cryptocurrency guide which covers exchanges, whitepapers, events related to cryptocurrencies. Always have a proper study before investing in cryptocurrencies, till then stay curious and keep learning.