The real Crypto Life Style!

21st-century unicorn – or the money of the future?

This introduction explains the most important thing about cryptocurrencies. After you‘ve read it, you‘ll know more about it than most other humans.

BlockGeeks create an excellent introduction for the Crypto World that I recommend you to read before start thinking about trade or mining. https://blockgeeks.com/guides/what-is-cryptocurrency/

With my blog I will try to introduce you to this World as simple as possible and succeed in a relaxed way with an medium and long term goal because day trading won't make you rich!

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But What are cryptocurrencies really?

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

Blockgeeks

https://blockgeeks.com/guides/what-is-cryptocurrency/