How cryptocurrency works?

How cryptocurrency works?
They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market.

How does crypto make you money?
Some cryptocurrencies offer their owners the opportunity to earn passive income through a process called staking. Crypto staking involves using your cryptocurrencies to help verify transactions on a blockchain protocol. Though staking has its risks, it can allow you to grow your crypto holdings without buying more.

Is crypto a good investment?
Our Opinion. In our view, cryptocurrencies are a solid long-term investment. Although volatile, cryptocurrencies have outperformed most financial markets in recent years. Bitcoin was worth just $1,000 in 2017 – it has since increased to over $68,000.

Who is really behind Bitcoin?
The “genesis block” of Bitcoin was mined on January 3, 2009, by Satoshi Nakamoto, officially launching the blockchain. A genesis block is the first block of a cryptocurrency to be mined and acts as the foundation of the blockchain. For the first few months of its existence, Bitcoin had no monetary equivalent worth.