Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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However, what sets cryptocurrencies apart is the technology behind them. You may say, “Who cares about the technology behind my money? I only care about how much of it there is in my wallet!” The issue is that the world’s current money systems have a bunch of problems. Here are some examples:

 Payment systems such as credit cards and wire transfers are outdated.

 In most cases, a bunch of middlemen like banks and brokers take a cut in the process, making transactions expensive and slow.

 Financial inequality is growing around the globe.

 Around three billion unbanked or underbanked people can’t access financial services. That’s approximately half the population on the planet!

Cryptocurrencies aim to solve some of these problems, if not more. This chapter introduces you to crypto fundamentals.

You know how your everyday, government-based currency is reserved in banks? And that you need an ATM or a connection to a bank to get more of it or transfer it to other people? Well, with cryptocurrencies, you may be able to get rid of banks and other centralized middlemen altogether. That’s because cryptocurrencies rely on a technology called blockchain, which is decentralized (meaning no single entity is in charge of it). Instead, every computer in the network confirms the transactions. Flip to ssss1 to find out more about the blockchain technology that enables cool things like cryptocurrencies.