Cryptocurrency Dbq

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FAQS
What is cryptocurrency?
As with many good things that we enjoy today, cryptocurrency has its root in the advent of the internet. It is basically an electronic cash system that operates on a peer to peer and on a decentralized basis. While inventors had in the past tried to build such a peer to peer electronic cash system, the difference between cryptocurrency and the first peer to peer systems (such as Digicash) lies in decentralization.
In other words, the idea of cryptocurrency is to have money that is not bound by geography and that operates on the blockchain technology which records all transactions made with this truly global currency.

What can I use cryptocurrency for ?
You can use cryptocurrency for remitting payments, trading, paying for goods and services, making private money transactions, investment purposes, and as a hedge against the rapid devaluation of some national currencies.
The use of cryptocurrency continues to grow, and we expect that in the very near future, more and more uses will be added to the above list.

Which are the most popular cryptocurrencies available today?
Based on market capitalization, demand, value investment asset and future prospects, we believe the most popular cryptocurrencies to be:
Bitcoin: Founded by Satoshi Nakamoto in 2009 and the very first cryptocurrency in existence, Bitcoin has the …show more content…

While cryptocurrency exchanges are platforms that allow traders to buy and sell cryptocurrencies directly, brokers are cryptocurrency experts that trade cryptocurrencies on behalf of their clients. One distinct advantage that using a broker has over using an exchange is that most cryptocurrency exchanges are new and it might be hard for novice investors to know if such platforms are safe for investment or not. A broker has better information to trade

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