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It's easy to get started with cryptocurrencies - reading and following this website will help you with it...

Why this website?

I am myself hunting for Cryptocurrencies from diverse sources(faucet, trading, mining), but never really found a good website that I can rely on. Most of faucet lists are outdated, not working anymore, or even are hiding some miners in background, or have some faucet with hundreds of adds - and as we all know this is a slow and boring way to go. Not my stuff at all, and I think it is not yours as well. On the other hand some good faucet, websites, and possibilities of income are still there - so my duty to find them...

Now, lets focus to the only point that is interesting- how to make cryptocurrencies as well a good portfolio.

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What is a cryptocurrency?

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.

Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.

As of September 2017, over a thousand cryptocurrency specifications exist; most are similar to and derive from the first fully implemented decentralized cryptocurrency, bitcoin. Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions, adding them to the ledger in accordance with a particular timestamping scheme. Miners have a financial incentive to maintain the security of a cryptocurrency ledger.

Most cryptocurrencies are designed to gradually decrease production of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation, mimicking precious metals.Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies can be more difficult for seizure by law enforcement. This difficulty is derived from leveraging cryptographic technologies.

Bitcoin is an online and secure virtual currency. It is already accepted as a payment method by many many online and offline vendors.

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Learn more

There is much more to learn about Cryptocurrencies that I will not really go deeper into this subject, but if you wish to know more then google will help you.


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