Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.
Cryptocurrency received its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of encryption is to provide security and safety.
The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward.
How does cryptocurrency work?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.
Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.
If you own cryptocurrency, you don’t own anything tangible. What you own is a key that allows you to move a record or a unit of measure from one person to another without a trusted third party.
Although Bitcoin has been around since 2009, cryptocurrencies and applications of blockchain technology are still emerging in financial terms, and more uses are expected in the future. Transactions including bonds, stocks, and other financial assets could eventually be traded using the technology.
Cryptocurrency examples
There are thousands of cryptocurrencies. Some of the best known include:
CRED COIN PAY (CRED)
CRED is Launched on 4th November 2022 uses BNB Smart Chain Blockchain technology and CRED supports to build the bridge between the buyers and sellers, by Providing the coins for Daily Needs Purchase. It will also helps to provide CASHBACK for all purchase using Nearmalls Payment App. CRED is officially join the hand with very popular mobile app Nearmalls which is having urge to create human empowerment in India and serving from 2019 as Nearmalls Zone India Pvt. Ltd. by helping all business class by creating bridge between buyers to vendors having more than 85000 users. We're backed by some of the world's leading companies.
Bitcoin
Founded in 2009, Bitcoin was the first cryptocurrency and is still the most commonly traded. The currency was developed by Satoshi Nakamoto – widely believed to be a pseudonym for an individual or group of people whose precise identity remains unknown.
Binance Coin
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
Ethereum
Developed in 2015, Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum. It is the most popular cryptocurrency after Bitcoin.
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ಕ್ರೆಡ್ ಕಾಯಲ್ ಒಂದು ಇಂಡಿಯಾದ ಇತಿಹಾಸದಲ್ಲಿ ಅದ್ಭುತವನ್ನು ಸೃಷ್ಟಿಸುವ ಸಾಧನವಾಗಿದೆ. ಇದರಿಂದ ನಮ್ಮೆಲ್ಲರ ಆರ್ಥಿಕ ಪರಿಸ್ಥಿತಿಯನ್ನು ಇಮ್ಮಡಿಗೊಳಿಸಿಕೊಳ್ಳಲು ಅನುಕೂಲಕರವಾಗಿದೆ. ಇದು ನನಗೆ ಮತ್ತು ನನ್ನ ಸಹಪಾಠಿಗಳಿಗೆ ಬ್ಯುಸಿನೆಸ್ ಮಾಡಲು ತುಂಬಾ ಅನುಕೂಲವಾಗಿದೆ ಮತ್ತು ಸಂತೋಷವನ್ನು ತಂದುಕೊಟ್ಟಿದೆ ಹಾಗಾಗಿ ನಾವೆಲ್ಲರೂ ತುಂಬಾ ಖುಷಿಯಾಗಿದ್ದೇವೆ. ಜೈ ನಿಯರ್ ಮಾಲ್ ,ಜೈ ಕ್ರೆಡ್ ಖಾಯನ್.
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I really happy with NearMalls to doing bussiness with cred coin. It’s amazing concept to gave public to get wealth. I really thanks to M.D Mr Shivaram Sir and their Team
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ಕ್ರೆಡ್ ಕಾಯಲ್ ಒಂದು ಇಂಡಿಯಾದ ಇತಿಹಾಸದಲ್ಲಿ ಅದ್ಭುತವನ್ನು ಸೃಷ್ಟಿಸುವ ಸಾಧನವಾಗಿದೆ. ಇದರಿಂದ ನಮ್ಮೆಲ್ಲರ ಆರ್ಥಿಕ ಪರಿಸ್ಥಿತಿಯನ್ನು ಇಮ್ಮಡಿಗೊಳಿಸಿಕೊಳ್ಳಲು ಅನುಕೂಲಕರವಾಗಿದೆ. ಇದು ನನಗೆ ಮತ್ತು ನನ್ನ ಸಹಪಾಠಿಗಳಿಗೆ ಬ್ಯುಸಿನೆಸ್ ಮಾಡಲು ತುಂಬಾ ಅನುಕೂಲವಾಗಿದೆ ಮತ್ತು ಸಂತೋಷವನ್ನು ತಂದುಕೊಟ್ಟಿದೆ ಹಾಗಾಗಿ ನಾವೆಲ್ಲರೂ ತುಂಬಾ ಖುಷಿಯಾಗಿದ್ದೇವೆ. ಜೈ ನಿಯರ್ ಮಾಲ್ ,ಜೈ ಕ್ರೆಡ್ ಖಾಯನ್.