Monday Crypto Theme || Basic question about Cryptocurrency || 40% reward to @steemit-pak

in STEEMIT PAKISTAN3 years ago (edited)

Hi Steemit Pakistan Community!

Greeting to all, hope you all are fine and enjoy happy moments of life. I am also good Alhamdulillah

Today I am telling about cryptocurrency. Today I will tell you the answers to the questions of corrupt currency that come to the mind of every person and I will tell you which application is good for cryptocurrency. will tell you whether the cryptocurrency is for the long term or for the short and here are the answers to your questions that come to mind for every person who is interested in cryptocurrency.

So let's start...

what is cryptocracy

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cryptocracy currency is regularly alluded to as "decentralized cash," implying that it is put away, made, and prepared outside of a national bank, or government.

Not at all like customary "hard" or paper cash, digital money has no actual structure. It's actually a bunch of information, gotten by cryptography (the study of encoding and disentangling data) — that is the reason it's designated "digital currency."

At the point when information is encoded, the data is changed over starting with one structure then onto the next, less perceptible structure, and is then decoded — or returned — to its unique structure by the end client. This complicated cycle takes out the conceivable outcomes of twofold spending and falsifying, consequently building up the security of utilizing cryptographic money to pay for things.

As it were, digital money works like a solid, cloud-based documenting framework, similar to Dropbox or Google Drive

By decentralizing, cryptographic money stays away from connections with outsider servers and government organizations, which frequently participate in mass information assortment and permit likely control of a singular's admittance to reserves. This absence of association with an administration or banking framework permits exchanges to be prepared secretly, which a few clients think about a remarkable advantage.

On the flip side, digital currencies need one of the primary benefits of a physical or "hard" cash framework, since there is no administration substance liable for keeping up with the focal stockpile, or even a recordable of the cash or its transfer.

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what is a good cryptocurrency to start with?

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Bitcoin
Ethereum
Solana
Axie infinity shards
Cordano
Binance Coin
Wilder World
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What is the cheapest crypto:

Tether

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Tether is an Ethereum token that is pegged the value of a U.S dollar. At $1 per token, the tether is still one of the more inexpensive cryptocracies available.
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How to invest in Bitcoin, in 5 easy steps:

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  1. join a Bitcoin Exchange.
  2. Get a Bitcoin Wallet.
  3. Connect your Wallet to aBank Account.
  4. Place your Bitcoin order.
  5. Manage your Bitcoin Investments.
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Which cryptocracy app is best?

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Binance
Coinbase
Best of the rest
Kraken
Crtpto.com
Gemibi
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Is crypto a good long-term investment?

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If we believe in long-term technology, then Craptocrancy is a long-term investment. Bitcoin is seen as a store of value, and some people think Bitcoin can replace gold in the funeral. Ethereum, the second-largest cryptocracy by market cap, also has growth potential as a long-term investment.
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Can we sell cryptocracy for real money?

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In order to cash out your funds, you first need to sell your cryptocurrency for cash. Then you can either transform your funds to your bank or buy more crypto. Note that there is no limit on the amount of crypto you can sell for cash.
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Special Thanks:

@steemit-pak
@haidermehdi
@hassanabid
@vvarishayy
@suboohi
@salmanwains
@event-horizon
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 3 years ago 

Very detailed and informative post. Keep it up.

 3 years ago 

Thank you so much dear

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