Digital currencies are forms of electronic money that aren’t denominated in any national currency and aren’t created by government-backed central banks. These are known as alternative currencies, and are often referred to as “altcoins.”
Many digital currencies are cryptocurrencies, which are a form of digital currency that uses cryptography and a proof-of-work scheme to operate. Essentially, it is a mathematical method that involves creating the currency at a fair rate so that it does not become too numerous and therefore lose its value. Bitcoin was the first cryptocurrency, and it was quickly preceded by a slew of others.
Litecoin, the second-most valuable. It has many of the same characteristics as bitcoin, but it has a faster block rate (2.5 minutes vs 10 minutes for bitcoin). This means that litecoin can be processed and deposited into people’s digital wallets more quickly than bitcoin. Even though litecoin is less expensive than bitcoin, it is not as widely used as bitcoin, so it is used in less locations.
In this book you will learn with picture illustration………
CHAPTER 1
What Are Bitcoins ?
What Is A Digital Currency And How Does It Work?
Bitcoins as a Financial Asset
How To Get Into A Bitcoin Account And Use It
How to Build a Bitcoin Wallet
How to Get Started
Receiving Bitcoins
Sending Bitcoin
Buying Bitcoin
Bitcoin Fractions
Bitcoins Mining
CHAPTER 2
Buying cryptocurrencies directly
Compare cryptocurrency exchanges
Managed funds
Cryptocurrency stocks
Investing in crypto exchanges
Mining
Staking
Other ways to invest in cryptocurrency
How to choose cryptocurrencies to invest in
How to store cryptocurrency safely
How to learn the basics of cryptocurrency investing
Risks of investing in cryptocurrency
CHAPTER 3
Platforms that pay passive income on cryptocurrency
Common ways to earn
Staking tokens: Get paid to HODL in an online wallet
Masternodes: Earn more crypto by getting serious about staking
Exchange dividend
cryptocurrencies: Get a share of the profits
Airdrops, forks, burns and buybacks: Get paid to be in the right place at the right time
Interest: Create value with your cryptocurrency
The risks and downsides of passive income cryptocurrencies
Frequently asked questions.
Conclusion and so much more.
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