Cryptocurrency

Good day people of steem kids and parents community today I will be sharing with you my creativewriting on cryptocurrency.

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WHAT IS CRYPTOCURRENCY

Cryptocurrency is a special kind of online asset which exist only in the internet and it also uses some kind of secret codes to keep your money safe. Also this is simply that you do not have to go to banks to send or receive cash instead you can run everything on your phone. The first crypto ever made is Bitcoin and it was in 2009 since then many other altcoins have pooped up like Litecoin and bnb. Even steem is part of crypto

Types of cryptocurrencies

There are different types of crypto like

1 Payment crypto which are also seen as the digital cash and they include Bitcoin, Litecoin and even monero too.

2 utility tokens - this kinds of crypto have specific jobs on their platform example ether to pay for thing in the Ethereum network or platform.

3 stablecoins - this kind of crypto are designed to keep their value calm and steady a good example is usdt tether .

How to earn cryptocurrencies

Crypto can be earn by buying them, if you do not have money to buy then you go for mining because this is how many people earn cryptocurrencies for themselves and in turn make them real cash. Also crypto can be earn by taking part in airdrop project for example $Dogs airdrop gave people who mined the token money including myself who entered into the airdrop in less than 24 hours of it ending and I got 6000 naira which is worth up to 15 steem. Also investment is a go to option if you have money to invest in crypto and this can give you good money also.

What is Blockchain

Blockchain is a ledger book that record every transaction done on a particular crypto network or in the crypto market. Also this has record of every single transaction that has been done in the cryptocurrency world.

Thanks for reading my post special thanks to @lhorgic @bossj23 and @goodybest