Cryptocurrency

in Tron Fan Club8 months ago
ASSALAMU'ALAIKUM

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What is crypto

Crypto or digital assets are assets that do not have physical keys that are locked using a cryptographic code and have value, therefore digital assets will be decentralized which means that no one party is an intermediary in a transaction including Banks

Then payments take place peer-to-peer, which means that they are made between the sender and recipient directly, all transactions will be recorded through a system that is already available with optimal security because it is decentralized, so digital assets require sophisticated computer specifications.

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There are various kinds of crypto that have been circulating in the crypto world.

The first
  • The first and most popular in the world is Bitcoin which was created by Satoshi Nakamoto in 2009 there are also several other types of crypto such as Etherium and many more.

  • What are the functions of crypto, firstly as an investment and trading tool, the price of digital assets for investment or trading is influenced by demand and supply or supply of supply for some cryptocurrencies is limited so it is only influenced by demand

  • The more people who use and recognize this crypto, the more the price will go up, this investment is included in the risk category or high risk.

The second
  • To buy goods or services, many companies use crypto as a payment instrument, most companies use crypto as a payment instrument.
The third
  • For mining or mining, mining is one way to get crypto like Bitcoin, users must be able to solve complex cryptographic puzzles to be able to confirm transactions and record them in a blockchain.

  • The greater the user's power, the greater the opportunity to be able to solve it, how does crypto work only with a grid device or smartphone and internet network, one can transact either send or receive crypto without going through an intermediary, transactions can be completed in minutes to everyone around the world.

  • When someone sends a number of crypto to the recipient, the sending and receiving parties will obtain information related to the transaction carried out, the transaction is equipped with a digital signature through a system mechanism that is recorded and stored permanently on the blockchain, and cannot be manipulated.

  • How is the regulation of crypto in Indonesia, the use and regulation of currencies such as rupiah is regulated by Bank Indonesia, for digital currencies such as Bitcoin the regulation is directly supervised by Bappepti on the regulations of the futures trading supervisory body.

  • This regulation has ratified that crypto assets are commodities that can be traded on futures exchanges, crypto asset trading mechanisms which include how to open an account, store digital assets, withdrawal of funds and transactions of crypto assets, other requirements that every business person who wants to enter into crypto and blockchain industry.

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By
@dani0661

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Nice article you have published here friend, overall beautifully presented and well written, it was nice of you sharing this educative content on cryptocurrencies

You have nearly written on this topic. Cryptocurrency is currently the most popular form of finance all over the Internet. This is just the beginning of finance innovation. Thanks for this piece.

Amazing article. In your article you are shared many information about Cryptocurrency. Good post, carry on......

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