A Guide to Cryptocurrencies-What You Must Know as a Trader | Top Cryptocurrency Exchanges Guide

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Guide To Cryptocurrencies

• Platinum Crypto Academy

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What you must know as Trader

• Cryptocurrencies have gained a great deal of
  popularity in the financial world, owing to the
  security of funds, ease of transfer, speedy
  transactions and most importantly higher revenues
  that theyre capable of offering. Here, Platinum
  Crypto Academy provides you with an insight into
  the world of cryptocurrencies guide.

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Introduction

• After the launch of Bitcoin, worlds very first
  cryptocurrency, the virtual currency gained
  instant recognition from traders around the
  world.
• However, Bitcoin was essentially launched to
  establish a decentralized P2P network, which
  would further find a solution to the issue of
  double spending.
• In addition to that articular feature, there were
  other aspects to the network such as high speed,
  anonymity as well as global scale.

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How the Network Works?

• Cryptocurrency operates on the blockchain
  technology.
• Thus, every single participant in that particular
  system automatically becomes the recipient/sender
  as well as the validator. 
• The decentralized network has been primarily
  designed to validate every transaction.
• Before performing any crypto transactions, it is
  first alidated to eliminate any double spending.
• Besides, the network features several validators
  and till the time each of them gives their
  approval to the transaction, it remains pending.
• Also, even if one of the validators chooses to
  not approve the transaction, it gets cancelled.

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• Bitcoin

• Litecoin

• As the first ever virtual currency, Bitcoin was
  created in the year 2009.
• Bitcoin transactions are carried over a
  decentralized network.
• This makes them extremely safe and private. Guide
  to Cryptocurrencies utilizes encryption for
  verifying any fund transfers. 

• Introduced in the year 2011, Litecoin is also
  regarded as the Silver of the cryptocurrencies.
• Litecoin offers fast and secure transactions
  within the blockchain network.

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• Ripple

• Ethereum

• Ripple is based on a system (also known as
  Ripple), which is capable of processing a number
  of transactions.
• Ripple, like Bitcoin, enables users across the
  globe to perform transactions quickly and
  securely.

• Launched in 2015, Ethereum also utilizes the
  blockchain technology for performing transaction.
• Ethereum isnt used for purchasing simple
  products on the web. It is basically a system
  that supports smart contracts for investing in
  the Initial Coin Offerings of newly formed
  companies.

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Thank You.

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