Hello Everyone welcome to my blog!!

I have become seriously involved with Cryptocurrency since October 2017 when I got a really important advice from @samstickkz, before this time all I did was buy Bitcoin at a low price, sell later, or used it to invest in Ponzi scheme that were trending at that time. I really didn't have a clear understanding of the Crypto-space as well as the understanding of the existence of altcoins and the underlying basic principles behind there existence.
I have come a long way from October 2017 and during this journey I have learnt a lot from persistent study to grasp the knowledge of Cryptocurrency and the basics of what to know about Cryptocurrency is what I will be sharing on here to help the individual who might be like I was before October 2017. Happy reading.

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What are cryptocurrencies

In simple terms cryptocurrencies refers to digital money, these type of currency unlike the fiat kind of money are not tangible but rather are built based on computer codes, typically examples are Bitcoin, etheruem, litecoin, waves etc.
There are are lot of cryptocurrencies available right now and are fast becoming a means of exchange for goods,services as well as commerce.

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The Blockchain technology

Now the blockchain technology represents in it simplest definition a ledger/record of all trasactions that pertains to a particular cryptocurrency and it affiliated ventures.
Think of it as your regular bank account statement, the blockchain technology uses combination of computer applications to ensure that all activities pertaining to a particular cryptocurrency is recorded as they occur and can not be edited or manipulated, the blockchain technology is actually an open source system of records, therefore it is possible for everyone and anyone to see trasactions/activities that takes place with a particular cryptocurrency blockchain unlike banks where only the owner of the account has access.

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Basic Information About Cryptocurrency You Should Know

Now before jumping into the Crypto-space just like the banking sector or any other sector, some basic terms are worth understanding to give you a basic knowledge of how Cryptocurrency works, these terms include

• Circulating Supply
  The circulating supply of a cryptocurrency indicates the amount of that cryptocurrency that is available at that present time and circulating in the market and in the hands of the public, the circulating supply of a cryptocurrency is an important instrument which is used in price calculation of that cryptocurrency.

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• Total Supply
  The total supply in simple terms gives the amount of a cryptocurrency that is in existence at that particular time, it is worthy to note that generally the total supply of a cryptocurrency is either greater than or equal to its circulating supply.

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• Maximum Supply
  The maximum supply of a cryptocurrency is the amount of that cryptocurrency that will ever exist, although not all cryptocurrency have a maximum supply. Cryptocurrency such as Bitcoin, Litecoin, Dash etc have a maximum supply and therefore finite in supply, thus they have hard limits and after reaching that cap, there will be no more new coins available,. On the other hand cryptocurrencies such as EOS, Ethereal, Monroe etc have no maximum supply value and are termed to have an infinite supply although each of these infinitely supplied cryptocurrencies have pre-defined rules on how much are produced each year.

• Market Capitalization
  Market capitalization of a particular cryptocurrency refers to the total amount of money that is invested into that particular cryptocurrency, we can as well say the market capitalization of a cryptocurrency is the capital investment in terms of money spent on the cryptocurrency project.

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• Price
  This is one of the basic instruments that most persons look upon when entering into the Crypto-space, the price of any cryptocurrency is determined by dividing its market capitalization by it circulating supply.
  
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• ** Cryptocurrency Exchange Market**

The cryptocurrency exchange market refers to platforms where one cryptocurrency can be exchanged for another cryptocurrency or for fiat currency, we have alot of these cryptocurrency exchange markets such as @blocktrades, @poloniex @bittrex etc

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Synopsis

In conclusion I would love to add that there are alot to learn within the Crypto-space and to be effective in the space, hunger for learning should be top priority.