Basic knowledge on blockchain and cryptocurrency
What does blockchain mean?
It is a digital ledger, which is used to transact digital currency transactions and record their transactions, all transactions that appear are recorded in order. They cannot be stolen or stolen in a blockchain transaction.
Each coin has its own blockchain and varies in size or size. But the block that has more transactions than any other block is bitcoin.
CRYPTOCURRENCY
The value of bitcoin is the number one value where the price of Today for one coin is more than $ 6700 US dollars, followed by bitcoincash. We have more than 400 cryptocurrency, including ICO that is initial coin offer is more than 1500,
In relation to the price of a particular coin it depends on the demand and supply in the market capitalization for that period, or for that sec.
WHAT DOES COIN MARKET CAPITALIZATION MEAN
Quickly this is a site that shows the price of all the coins and all the ICOs that are public for each sec. Visit this link here Cryptocurrency Market Capitalizations | CoinMarketCap
HOW TO DO BUSINESS WITH CRYPTOCURRENCY
We have to buy a coin FOR the price available in the market, for example one Btc Today the price take is 17,124,127tzs. But if you keep the fees in your transaction and the interest of the agent you can buy one 17,214,127tzs for one bitcoin.
Bitcoin we trade in specialized wallet and exchanging systems like the following
1.tradebay
2.localbitcoin
3.remitano
4.binance
5.blockchain wallet.
These are now trades are done in the following systems
1.Stock
2.Forex
3.mining
4.merchant
5.donation or binary
Tanzania to accept Cryptocurrency Market?, Watch the VIDEO BELOW
