Cryptocurrencies and Bitcoin: what they are and how they work

👾Cryptocurrencies for beginners

• These are currencies that only exist on the internet in code format
• There are no intermediaries such as banks or governments
• transactions are protected against fraud, theft and invasions of privacy
• are acquired and stored in digital wallets (programs installed on cell phones and computers)

What is a cryptocurrency?

Cryptocurrency or cybercurrency is a type of digital money that does not require the mediation of a bank or central authority to be exchanged. This means that, unlike conventional currencies such as the real and the dollar, the issuance and control of cryptocurrency is not done by governments, but collaboratively by its own users.

To ensure a safe and transparent circulation, the cryptocurrency system uses revolutionary technology: the blockchain. With it, all documents and values ​​exchanged in the system are protected by encryption, that is, encrypted codes that prevent the exposure of data.

What is Blockchain?

Blockchain it is a block of data that records digital transactions in the “Mother Block”, it is like an extract, or history of what was done, linking one thing to another. It was the blockchain which made it possible for digital currency exchanges to actually exist.

• [TikTok] Ana de Mattos: Explaining what blockchain is to your grandmother

Bitcoin X Cryptocurrencies

Bitcoin is – as the official website describes – “an innovative payment network and a new type of money”. Less than 15 years old, it was the first decentralized cryptocurrency in history, but it is the most popular of them to date. Virtual money matters on global issues, such as the War in Ukraine. (Your money)

• [Youtube] Atila Lamarino: Bitcoin and Blockchain EXPLAINED!

The Bitcoin system also stands out for never being censored or destroyed by hacker attacks of opponents. It is impossible for your transactions to be reversed, intercepted or made without an owner's authorization. (Folha de S.Paulo)

Bitcoin was born on October 31, 2008, when its creator or team of anonymous creators shared the publication 'Bitcoin: A Peer-to-Peer Electronic Money System'*. Under the signature of the pseudonym Satoshi Nakamoto, the text was a true guide to the use, functioning and benefits of Bitcoinsystem. (The people) The identity of whoever created the original code for this currency has never been confirmed.

• [TikTok] Tonhaca: Bitcoin explained in an easy way
• [Youtube] Gustavo Teixeira – Hello Money: Bitcoin Guide, what it is and how it works

Curto Curatorship

Curto Explain: everything you need to know and are embarrassed to ask!😉

⤴️click here to see more explanatory content.