BTC News | Cryptocurrency Trading | Cryptocurrency News � Get your own Binance Account from Here: https://bit.ly/Binance-Register-Now � Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet � Binance Review | Binance Review Tutorial 2021 �https://www.youtube.com/watch?v=Ajggt25TOp4 �Watch our most recent videos: �Crypto Trading Bot � Which Is The Best Crypto Exchange?� https://www.youtube.com/watch?v=kf-9SegmMWw �Crypto Wallet | Bitcoin Wallet | Best Cryptocurrency Wallet� https://www.youtube.com/watch?v=qGr8pn5Rsqw _____________________________________________________________ Links mentioned in the video: � Best Hardware Wallet (Ledger Nano): https://bit.ly/Ledger-Cold-Wallet � Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet _____________________________________________________________ Welcome to our BTC News Video! Cryptocurrency (also known as crypto) is a digital currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions, as well as to control the creation of new units of a particular digital currency. Many cryptocurrencies are built on blockchain technology, which is a distributed ledger enforced by a distributed network of computers. Cryptocurrencies are distinguished from fiat currencies like the United States dollar or the British pound because any central authority does not issue them, making them potentially impervious to government intervention or manipulation. How does cryptocurrency work? The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies. Cryptocurrencies do not exist as a stack of notes or coins. Instead, they live only on the internet. Consider them virtual tokens, the value of which is decided by market forces created by those seeking to purchase or sell them. Cryptocurrency is formed through a process known as mining, which entails employing computer processing power to solve complex mathematical problems to earn coins. Users can also purchase the currencies from brokers, which they can then store and spend using encrypted wallets. Blockchains typically function via proof-of-work (PoW) or proof-of-stake (PoS) consensus algorithms. PoW operates based on miners who often designate specific computing machines for the process. PoS, on the other hand, runs on staking. In the staking system, rewards are distributed to help run the network by holding assets in certain designated wallets. A number of PoS assets also allow for masternodes � a more complicated staking process that usually requires a certain minimum number of coins. Why are cryptocurrencies so volatile? There is a lot of volatility in the cryptocurrency space due to the industry�s newness. Investors are seeking to experiment with their money to generate riches quickly and figure out how cryptocurrency prices vary and whether they can affect them. The number of people who utilize crypto coins (i.e., utility) and for what purpose impacts their price. The price will rise if more people use them to buy goods and services rather than just holding them. The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency�s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin�s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply. ____________________________________________________________ The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. I hope you found value in our BTC News video. Make sure to leave a like on the video if you gained value from it! #BTC #Coins #Crypto #Coin #Bitcoin #Today #BTC #Binance #Ethereum #ETH #Bitcoin #CryptoGuide #crypto #Ether #DigitalCurrency #BestCryptoExchange �� For Collaboration Contact Us At: �[email protected] � � For �More Crypto News Check Out Our Site: https://www.cryptogemsofficial.com ________________________________________________________________________ ⏰Timestamps⏰ 00:00 Cryptocurrency introduction 00:17 Cryptocurrency Project 02:11 Cryptocurrency Summary 03:00 Cryptocurrency OutroMore Info