The world of investments can be complex and confusing, but it doesn't have to be. If you're looking to invest in cryptocurrencies, Bitcoin, Ethereum, Defi, Litcoin, Shiba, Dogecoin, here's what you need to know.
Cryptocurrencies
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Bitcoin
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.
Defi
Defi, or decentralized finance, is a term used to describe a range of financial products and services that are built on top of blockchain technology. These products and services often use smart contracts to automate trust and reduce costs.
Litcoin
Litcoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
Shiba
Shiba is a decentralized application (dApp) that allows users to earn rewards for holding and using the Shiba coin. Shiba is built on the Ethereum blockchain and uses smart contracts to automate trust and reduce costs.
Dogecoin
Dogecoin is a cryptocurrency featuring a Shiba Inu from the "Doge" Internet meme on its logo. It was introduced on December 8, 2013. Dogecoin was created by Jackson Palmer and Billy Markus.
Cryptocurrency investments
Cryptocurrencies, Bitcoin, Ethereum, Defi, Litcoin, Shiba, Dogecoin: What You Need to Know About Investing
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