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Post Info TOPIC: When it comes to cryptocurrencies
frakkieos

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I support you with that. This is not the first time I have come across a Cryptocurrency Blog. I found a lot of information here on Blog.Switchere.com, but I still did not fully understand what cryptocurrency is and how to use it correctly. Cryptocurrency is completely digital and has no physical form. It turns out that there is no way I can transform it into real money? How, then, do you use cryptocurrency at all? Please share your experience!



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When it comes to cryptocurrencies, consumers have many unanswered questions. What is cryptocurrency? How do you use digital money? Are cryptocurrencies safe to use?

Instead of a tangible piece of currency you can carry with you, cryptocurrency is completely digital and does not have a physical form. A common type of cryptocurrency that consumers may be aware of is Bitcoin.

As the popularity of cryptocurrencies rises, it is important for consumers to educate themselves on how cryptocurrencies work and the risks associated with using them. The resources and information below will help you gain a better understanding of Cryptocurrency and assist consumers in making informed financial decisions.

Cryptocurrency Video
 
 
Cryptocurrency Brochure
 
 
Cryptocurrency Consumer Tips
 
 
Cryptocurrency SEC
 
 
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GLOSSARY
FAQS
EDUCATIONAL MATERIALS

Cryptocurrency (also referred to as virtual currency and digital currency) - a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In simple terms, cryptocurrency is electronic money that is not issued or backed by a government or central bank. Units of cryptocurrency are often referred to as “cryptocoin”.

Bitcoin - the most popular cryptocurrency on the virtual currency market. Bitcoins have an equivalent value in other currencies, such as the U.S. Dollar, and can be exchanged for U.S. dollars.

Alt-coin - Any cryptocurrency alternative to Bitcoin.

Initial Coin Offerings (ICOs) - Similar in theory to an Initial Public Offering (IPO) of a stock, an ICO occurs when a new cryptocoin is created and goes on sale to the public.

Public Key - A published key, or an encrypted sequence of 64 letters and numbers, that can be used to send a secure message (or cryptocurrency) to a receiver. The public and private key are both needed to unlock or transfer the cryptocurrency from one user to another.

Private Key - A secret key, or sequence of 64 letters and numbers, that is used to decrypt messages encrypted by a public key. The public and private key are both needed to unlock or transfer the cryptocurrency from one user to another.

Cryptocurrency Wallet (also referred to as a digital wallet) - a software program that stores private and public cryptocurrency keys. Cryptocurrency wallets also enable users to send and receive virtual currency.

Blockchain - An online ledger containing records of every cryptocurrency transaction. The blockchain is public and decentralized, and is maintained by a peer-to-peer network of computers.



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