"why cryptocurrency is important to me?"
What is cryptocurrency anyway? Actually I won't say that I know much about this. Only this year I joines steemit for more than 5 months and I have no idea about all the information in cryptocurrency. I only read some post in the steemit and the truth is I don't really understand it all. All I know is that cryptocurrency is like a money through online where you can pay it easily. There is also they called mining where your money can grow or multiply but for a long time.
Long ago when I just new here in steemit I have no idea where I can see the value of steem dollar. That's why when I search it in Google I went directly in coingecko.com where it shown as the result of my search. I took time in reading there and there I understand that there are so many different money in Internet. I slowly understand what the cryptocurrency means.
Here's the question, "why is cryptocurrency important to me?"
It is very important to me because by not going out, lying in my bed or sitting in our sofa I can earn money. Not only earn but also I can buy things through online. Cryptocurrency teach me how to earn and pay even just looking in my phone or laptop. It is very important in today's world because most of the deals will be in Internet. You can also consider as your source of income by earning here. About payment also there is no hassle in paying. As we know the world is very high in technology so most of the items you want to but will be bought through conversation in internet.
Cryptocurrency helps me to be aware how our life make it easier. If you're tired in going outside to but something you can use your money in buying it. You can send or receive money from your friend easily. You can also doing investment online easily. Yes, that's it cryptocurrency help us to pay and earn money easily.
This is my entry for @coingecko writing contest.
"why cryptocurrency is important to me?"
Thank you for reading.
image
Posted using Partiko Android
Nice write up!
Read your post and i have to say something about it..
Bitcoin is a new form of "sound money". Sound Money (Sound=good) is a type of money that you know will not lose it's value (not the same with price) because 1 BTC will always worth 0.00000476% of the whole Bitcoin economy. But the same cannot be said for paper money since the bank is always printing new money.
"Mining" is the operation where the computers crunch the numbers (hashing) to create a new "block" (dataset) of bitcoin transaction to the blockchain. Mining is important since by hashing the data, if someone wants to make fake transaction, they need a computer that is more powerful than all the mining computers in the Bitcoin Network.
Imagine mining as being an government accountant, you get a cheque from people and you write it in the book but before you do that you confirm with ALL the accountant the world. So that everyone have the same book even if everyone is writing on it.
If you own Bitcoin (you have the private keys), that means you have the power to be your own bank. You dont need to trust people to keep your money. You keep your own Bitcoin and not only that, you can also make sure other people dont make fake bitcoin transaction by using simple computer settings.
That is the power of Bitcoin.
thank you, it was very helpful commemt
Posted using Partiko Android