To start making money on cryptocurrencies you can of course purchase specialized equipment to encrypt information and receive pay in the form of bitcoins for your contribution to the information system. However, it requires specialist knowledge in the field of programming and selection of advanced computer hardware, which is not the cheapest.
Bitcoin Exchange (BTC)
You can also set up an anonymous cryptocurrency account and purchase the cryptocurrency on the BTC stock exchange and keep it. However, this carries two types of threats. In German Crypto News you can have the best deal now.
Investing in CFD derivatives
The last method we will present in our eBook is investing with foreign exchange contracts. However, what is hidden under this mysterious term? Exchange differences (CFDs) are derivatives that reflect the price of the underlying instrument. This means that CFD rates are shaped according to the prices of their counterparts on the market. Such a modern solution has several advantages, including the possibility of investing in increases and decreases in the price of a given instrument.
Another significant difference between cryptocurrencies and physical cash are banks. The central bank’s mission is to stabilize its own currency. It can increase the supply of money, what we call “printing” to cover state debts, thereby leading to devaluation of the currency. However, in the case of a digital currency, there is no such thing as Bitcoin Bank, which at the same time would be its regulator. This is because Bitcoin is in itself a bank in its own way. The independent accounting book contains information about the ownership status of all users and the history of transactions between them. To open an account with a cryptocurrency, simply download a special application and generate a login and password. The account of each user is completely anonymous and does not have any formal requirements.
Now that you’re more into the technical details, check out the blockchain definition by André Salem, researcher at IBM Blockchain:
“A blockchain is a secure business network in which participants transfer valuables (assets) through a common distributed ledger (ledger), from which each participant has a copy, and whose content is constantly changing. in sync with others.
Blockchain application possibilities can revolutionize entire markets of the economy such as insurers, financial institutions, industry, healthcare, commerce, transportation and even leisure.
Check out some examples of this reality:
A food industry can use the system to map and track the entire food process from production to delivery to the recipient.
a hospital can use blockchain to revolutionize the way we access segment websites, which today are username and password. In the new format, patients, doctors, and hospitals would have access to a single database of sensitive information, which could be accessed differently and according to the permissions for each of these profiles.
Art can also benefit from this technology. The system may be the solution for pirated content posted on the net. For example, when a user accesses a song, it is automatically registered with the blockchain responsible for paying royalties.