ABOUT CRYPTOCURRENCY

I am including here something about cryptocurrency part by part 

What is a cryptocurrency 

A cryptocurrency (or “crypto”) is a digital currency, which is an alternative form of payment created using encryption algorithms like BTC and other crypto tokens, I am typing about BTC in another part. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, for use crypto you need a cryptocurrency wallet.

How to work cryptocurrency

Cryptocurrencies are powered by blockchain networks. A blockchain is essentially a digital ledger made up of expanding blocks of data. With a blockchain's distributed ledger, records are kept across multiple computers on a network. Cryptocurrency is all transactions completed by using a blockchain network. you can send your fand crypto wallet to another wallet within a minute and also lowest transaction fees.

Cryptocurrency examples

There are more than 15 thousand cryptocurrencies in 2022. Some of the best known include 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. Ethereum: Developed in 2015, Ethereum is a blockchain platform with its cryptocurrency, called Ether (ETH) or Ethereum. It is the most popular cryptocurrency after Bitcoin. Litecoin: This currency is most similar to bitcoin but has moved more quickly to develop innovations, including faster payments and processes to allow more transactions.

What is DEX & CEX

DEX means ‘decentralized exchange’ You use your public key as your wallet address and share it with other people. When anyone wants to transfer money to you, they will use your public key to send funds. You, on the other hand, will use the private key to unlock the crypto wallet and gain access to funds. You need to keep your private key safe.

CEX means centralized exchange, Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common means that investors use to buy and sell their crypto holding shares.

It's safer from cex. here all user data and transaction and fund history are reserved for the owner of the exchange. Here the liability lies with the exchange if your money is stolen unexpectedly.