Cryptocurrency

Crypto Defined: Apeing, Altcoin, Whitepaper, Smart Contracts, Ethereum, Bitcoin



*An altcoin is any cryptocurrency which isn’t Bitcoin. As Bitcoin was the first digital currency to be invented, every crypto invented after Bitcoin is referred to as an altcoin.
*Apeing is when a crypto investor buys a token shortly after the launch without conducting thorough research.
*Blockchain technology is the basis of how cryptocurrency is created. It is essentially a series of blocks holding digital information chained together.
*Bitcoin was the first cryptocurrency ever invented, having been introduced in 2009 in a direct response to the global financial crisis of 2008 which saw an emerging distrust of the traditional financial system.
*ETHEREUM was the second blockchain created after Bitcoin. Its native cryptocurrency is the Ether. One analogy is that if Ethereum is the car, Ether is the petrol needed to run the car.

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