Awareness

         Cryptocurrency is a digital currency that exist on a blockchain technology. If you are into cryptocurrency or you are thinking of investing in cryptocurrency, there are basic terms and their meaning you need to understand. They can be used as means of communication during transactions or used during any activities involving cryptocurrency. The following are cryptocurrency terms and their meaning. HODL: It stands for "Hold On for Dear Life" It is an intentional misspelling of ‘HOLD’ that simply means to keep a coin. It relates to someone that buys a coin without an intention of selling it off for a long period of time. He/she might be having a feeling of a better future for the coin or willing to hold based on the proposed potential or the community in charge of the coin BAG HOLDER: This term is related to "HOLD" but differs in some perspective, it means to bag or buy different types of coin and of different volume keeping them in the wallet without sell...

What is cryptocurrency:      Cryptocurrency is a digital currency that is created on a blockchain technology, these currency are created using a computer networking software and there are used as a means of exchange to purchase goods and services, converted from one coin to the other and can also be traded based on the market analysis. It is a P2P (peer to peer) system that allows anyone to send and receive coin worldwide, thereby replacing the movement of physical currency or cash from one place to the other. It is a decentralized network i.e it is not controlled by any external bodies such as banks or any central government. Another importance of cryptocurrency transactions is that payment does not require third party authentication and transactions are fast and swift. They are mostly generated by mining, which involves downloading an application software that contains the history of the activities carried out. A lot of cryptocurrency mining apps exist and a good exampl...