In this article, we want to introduce you to the performance of Bitcoin.
We must first know the answer to the question, what is Bitcoin?
The simplest answer to this question is that Bitcoin is a computer file that is stored in your wallet and you can use it to buy and sell digitally. For example, sell a product or service and receive bitcoins in return, or give a bitcoin to a seller to buy a product and receive the product.
Best Bitcoin Wallets of 2020
- Exodus: Best Hot Wallet for Beginners
- Electrum: Best Hot Wallet for Advanced Users
- Mycelium: Best Hot Wallet for Mobile Users
- Ledger Nano X: Best Hardware Wallet (Cold Wallet)
- Trezor Model T: Best Hardware Wallet For a Large Number of Cryptocurrencies (Cold Wallet)
- Ledger Nano S: Best Bang For Your Buck Hardware Wallet (Cold Wallet)
You can also see a list of the most popular crypto ( Bitcoin ) wallets below.
- Coinbase: Best Overall
- Trezor: Best for Hardware Wallet for Security
- Ledger: Best Hardware Wallet for Durability
- SoFi: Best for Beginners
- Robinhood: Best for Free Buying and Selling
- Edge: Best for Mobile
- Exodus: Best for Desktop
For more information you can read this article: How does Bitcoin wallets work?
What is Crypto (Bitcoin)?
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money that is carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database that describe specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. You store your cryptocurrency in a digital wallet. Cryptocurrency got its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of the encryption is to provide security and safety.
1- Bitcoin
Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
2- Litecoin
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[citation needed] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, litecoin is nearly identical to Bitcoin.
3- Ethereum
Ethereum is a decentralized open source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency token of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization, behind Bitcoin.
4- BAT - Basic Attention Token
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
5- NEM
The currency goes back to the New Economy Movement (NEM), which aims to create a sustainable, just economic order. The developers come mainly from Japan and Asia. NEM was started by a Bitcoin forum user named UtopianFuture, who was inspired by Nxt. The original plan for NEM was to fork NXT, but that was eventually ditched in favor of an entirely new code base.
6- NEO
NEO (formerly Antshares) is an open-source blockchain decentralized application platform founded in 2014 by Da HongFei and Erik Zhang. Since its rebranding to NEO from Antshares in 2017, the project's vision is to realise a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets.
7- BNB - Binance Coin
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due China's increasing regulation of cryptocurrency.
8- TRON
TRON was founded by Chinese entrepreneur Justin Sun in 2017. TRON Foundation raised $70 million in 2017 through an Initial coin offering shortly before China outlawed the digital tokens.
9- EOS
Based on a white paper published in 2017, the EOSIO platform was developed by the private company block.one and released as open-source software on June 1, 2018. In order to ensure widespread distribution of the native cryptocurrency at the launch of the blockchain, one billion tokens were distributed as ERC-20 tokens by block.one. This provided the distribution to allow anyone to launch the EOS blockchain once the software was released. The CEO of block.one, Brendan Blumer, announced that block.one would support the EOSIO blockchain with over one billion USD in funding from the token sale and ultimately block.one raised over four billion USD to support the blockchain during the Initial Coin Offering (ICO) period.
10- Ripple
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." The ledger employs the native cryptocurrency known as XRP.
1- Cryptocurrency or Bitcoin mining
In this method, all cryptocurrencies are obtained through mining. This is one of the oldest ways you can get crypto. In the past, you could only get cryptocurrencies with your laptop, but today, due to high competition, you can only do it with certain devices. The names of these devices are miner. Miners have very advanced hardware and therefore their price is high and can be used in countries with low electricity costs to be profitable.
2- Pay for work
Another way to get crypto is to get crypto for what you deliver. This method works just like money. In the normal world, we receive money for the work done, but in the crypto world, you will receive the crypto for the work you delivered. One of the things you can use for this method is to introduce your activity and advertise your work on online websites. If you are able to design a website, you can promote your expertise by designing a website and sell it online. In this way, you can also sell a product online on your website.
Another activity you can do in this way is freelancing. Freelancers work online and earn cryptocurrencies for the project.
3- Investment
In recent years, investing in crypto has been very profitable and has attracted many people to this market. The best cryptocurrencies that have been invested and profitable in recent years have been Bitcoin and Ethereum. You can view this report from trading websites.
4- Trading or exchange
This method is risky and requires high expertise. It also has a very high profit. If you want to use this method, definitely need to take specialized courses. So that you can predict the market and then do your trading. If you want to do low-risk activity in this field, It is better to invest in this market, because trading requires high expertise.
Get Free Crypto
If you have searched online for this title or you have heard of this, you should keep in mind that there is no such method at all. Websites which have such offers are either fraudulent or pay you crypto for an activity that is no longer a free way to get crypto. Because you have to spend your time and expertise in this field.
