What is Cryptocurrency - A Beginners' Guide

A cryptocurrency is a digital or virtual currency that utilizes cryptography for security. A cryptocurrency is hard to counterfeit because of this security feature. Numerous cryptocurrencies are decentralized frameworks dependent on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and apparently its greatest appeal, is its organic nature; it isn't issued by any central authority, rendering it hypothetically resistant to government interference or control.

Technology: 

The blockchain is a distributed ledger technology, which serves as a public financial transaction database.

First Player in The Market: 

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most prominent and generally most valuable. Bitcoin, first released as open software considered the first decentralized cryptocurrency in 2009. Today, there are thousands of alternate cryptocurrencies with different capacities or specifications. A portion of these are clones of Bitcoin while others are forks or new cryptocurrencies that split off from an already existing one.

Cryptocurrency History: 

Cryptocurrency existed as a hypothetical construct long before the primary digital alternative currencies appeared. Early cryptocurrency proponents shared the objective of applying cutting edge mathematical and computer science principles to unravel what they saw as viable and political shortcomings of "traditional" fiat currencies.

David Chaum the American cryptographer, in 1983 considered unidentified cryptographic electronic money called eCash. In 1995, he executed it through Digicash, an early type of cryptographic ePayments which required user software so as to pull back notes from a bank and assign explicit encrypted keys before it can be sent to a beneficiary. In 1996, the NSA distributed a paper qualified How to Make a Mint: the Cryptography of Anonymous Electronic Cash, depicting a Cryptocurrency framework first distributing it in an MIT mailing list and later in 1997, in The American Law Review.

Beginners Guide to Crypto Currency Exchange:

Cryptocurrency exchanges are the online platforms in which you can trade one sort of digital asset for another based on market value of the given resources. It is vital not to confuse between cryptocurrency exchanges for cryptocurrency wallets or wallet brokerages. Cryptocurrency wallets and wallet brokerages, for the most part, enable you to purchase and sell a small range of digital assets like Bitcoin and Ethereum, which you would then be able to send to an alternate exchange to trade for other advanced digital assets like altcoins. This statement isn't completely exclusive, however; most cryptocurrency exchanges will limit their users to just trade digital assets, yet a few of them allow trades of fiat currencies, for example, U.S. Dollars for the cryptocurrency. Few examples of such an exchange are listed as follows:

• Coinbase/GDAX:

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in around 190 countries

• Bitstamp: 

Bitstamp is a bitcoin exchange situated in Luxembourg. It permits trading between USD currency and bitcoin cryptocurrency. It permits USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits, and withdrawals

• Gemini: 

Gemini is a digital currency exchange and overseer that enables clients to purchase, sell, and store digital assets. It is a UK based company regulated by the NYS Department of financial services.

After going through various cryptocurrency exchanges and platforms, we found one of the best cryptocurrency exchange Digital Ticks.

• Digitalticks: 

A First - ever commodity - crypto exchange well designed by traders for traders. The Exchange is going live on April 14, 2019, and offers coin such as Bitcoin, Ethereum, DTX Token, DOGECoin, USDM, and INRM, etc. The Exchange has installed robust technologies behind the scene that could manage heavy volatility of the crypto markets as well as commodity markets which can handle up to 1,000,000 orders per second.

Digital Ticks Transaction Charges & Fee: 

DTx (Digital Ticks Exchange) would not levy any transaction charges for the first few months of inception thereby giving traders to trade on ZERO transaction charges. DTx would give volume-based incentive for high -frequency trader (HFT) which would give them scope for retaining higher profitability in the trade. DTX is the safest trading platform with user-friendly interface and multiple coins and device support, customized UI and fastest order processing capacity.