Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Tik-tok Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Reading: How cryptocurrency works – In a nutshell
Share
  • bitcoinBitcoin(BTC)$28,348.00
  • ethereumEthereum(ETH)$1,790.98
  • tetherTether(USDT)$1.01
  • binancecoinBNB(BNB)$340.55
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.383608
  • cardanoCardano(ADA)$0.345540
  • matic-networkPolygon(MATIC)$1.16
  • staked-etherLido Staked Ether(STETH)$1,786.77
  • dogecoinDogecoin(DOGE)$0.074325
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > VOC Explained > How cryptocurrency works – In a nutshell
VOC Explained

How cryptocurrency works – In a nutshell

Okereke Inno
Last updated: 2023/03/14 at 1:30 PM
Okereke Inno Published February 19, 2022 March 14, 2023
Share
cryptocurrency works - In a nutshell

First, a cryptocurrency is a digital, decentralized, and encrypted medium of exchange. All cryptocurrencies run on blockchain technology, a distributed public ledger or database that records every transaction held by currency holders. Groups of transactions are collated to the ‘chain’ as blocks. This procedure confirms the validity of the transactions then keeps the network up and running. Every batch of the transaction then gets recorded on the shared ledger, which is public. Mining or cryptocurrency mining is the procedure to check for recent transactions, create cryptocurrency units, or add new blocks to the blockchain. For example, Pi coin is a new digital cryptocurrency generated through crypto mining.

Cryptocurrency investors hold their assets via digital addresses, with public and private keys – long strings of numbers and letters. The public keys enable the holder to receive cryptocurrency from any publicly available sender, while the private keys allow crypto to be unlocked and sent.

If you want to invest in cryptocurrencies with good returns, WRX is a profitable investment option, and the Coinmarket keeps the updated list of WRX coin prices. The most renowned cryptocurrency trading platforms are Binance.US, Coinbase, Gemini, Kraken, Bitbns, and WazirX. 

Top 10 Cryptocurrencies

There are plenty of cryptocurrencies listed today. However, some of the best for investment in 2022 are:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Litecoin (LTC)
  4. Cardano (ADA)
  5. Binance Coin (BNB)
  6. Tether (USDT)
  7. Dogecoin (DOGE)
  8. USD Coin (USDC)
  9. Polkadot (DOT)
  10. Stellar (XLM)

Blockchain technology in cryptocurrency also increases trust, improves transparency, and bolsters the security of crypto data across networks.

You Might Also Like

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

Bitcoin Price Shows Phenomenal Recovery: Is This Just the Beginning?

US Government Moves 40,000 BTC

Why Bitcoin Price is Primed For Wild Swings

Silver Lining for Crypto After SVB Collapse

TAGGED: Bitcoin, Blockchain, Crypto Exchange, Dogecoin, Ethereum
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article How to buy cryptocurrency? How to buy cryptocurrency?
Next Article Overview-of-Hard-Wallet Overview of Hard Wallet
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Technically Looking at Web3
Technically Looking at Web3, Blockchain and Crypto with Tara
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Tik-tok Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?