Millionaire

The reliability of the blockchain and its data protection mechanisms have made cryptocurrencies a worthy alternative to the traditional monetary system. Transfers of digital assets can be made directly between users, and the network protocol, represented by many independent nodes, is responsible for their verification and confirmation. Once a transaction is sent and verified, it cannot be canceled.

Information about transfers is stored in a public database. The key technology that enables interaction with virtual assets is blockchain. The cryptographic methods used in it exclude the possibility of altering the data on completed transfers.
Decentralization in blockchain has solved the problem of a single point of failure in databases and payment systems, providing universal protection against censorship. Virtual assets in public blockchains are immune to regulatory authorities and external manipulation. There is no ability for a third party to block funds or cancel a transaction.
Cryptocurrencies may not be under the control of any one organization, allowing them to be used in any jurisdiction. Bitcoin is the best known example of such an asset. New virtual assets are issued in the process of the blockchain. The algorithm of a particular digital asset includes such parameters as total issuance and the rate of issuance of new coins.
The user can create an unlimited number of addresses. The latter usually do not allow you to get information about him. Only specialized blockchain analysis tools make it possible to track the movement of funds and determine the sources of their receipt.

There are about a thousand cryptocurrencies (i.e., digital currencies that function through an asymmetric encryption mechanism) in the world, but the most famous is bitcoin.
"This is a new type of asset that differs from our usual money or other financial assets. It differs from money in that you own the currency directly and do not need a bank or any authorizing body. It is stored in a personal electronic wallet,"
A unit of cryptocurrency is a code that is born as a result of complex computer mathematical calculations.

If you find a seller who agrees to accept cryptocurrency, then anything goes.
Gradually, other cryptocurrencies are also being used in this area, the expert says.
If someone wants to spend their cryptocurrency, they can find a list of places that accept it on the Internet.
"Another thing is that, given the growth of cryptocurrencies, it is not entirely profitable to spend it now, it is profitable to buy and hold it," the marketing director of a Bitcoin agency is convinced.

Today, bitcoin costs about 40,000 thousand dollars for 1 virtual coin. And the price is formed depending on demand.
"If a lot of people want to buy it, the price goes up, and if more people want to sell it, the price goes down a bit."
Traders successfully make money on these price fluctuations. That is, it is a game on the cryptocurrency exchange.
There is a risk that you will buy cryptocurrency at one price and it will fall. You should be prepared for this, the expert says, and not invest more than you are afraid to lose.

Cryptocurrency listing refers to the addition of a new cryptocurrency to a trading platform such as a cryptocurrency exchange. When a new cryptocurrency becomes available for trading on a particular exchange, it is called listing that cryptocurrency on that exchange.

Blockchain
Most cryptocurrencies utilize a technology called blockchain. The latter is a sequence of hierarchically linked blocks. It holds a database of all the transactions that have taken place. New transactions are recorded in blocks that are created by node operators. Each of the computer nodes keeps its own copy of the blockchain and in the course of reaching consensus, confirms new blocks by passing the result to other nodes. User balances are changed based on this information.