Knowing More Cryptocurrency, Newbie Must Know!
Swan Pedia - Cryptocurrency is one of the investment instruments on the rise among millennials. For those of you who just want to invest, first identify what crypto is and what types of cryptocurrencies can be supported.
Launching Investopedia, cryptocurrency is a digital or virtual currency that is guaranteed by cryptography. With cryptography, this digital currency becomes almost impossible to counterfeit in the future. The recording of all transactions made is stored on the blockchain. This blockchain is widely spread from one computer to another and is connected in a widespread network so that it is not centralized in one place, otherwise known as decentralization.
In other words, cryptocurrency is a digital currency that can be used for transactions between users without the need to go through a third party. In your condition addition to using it as a transaction tool, many users or people use cryptocurrency as an investment instrument. This is due to the fluctuations in the value of cryptocurrencies very highest. The more people who believe in cryptocurrency, the higher its value will be.
currency transactions run through the mechanism of the blockchain system. Blockchain is a digital ledger that stores digital data, such as crypto transaction activities. One of the advantages of Blockchain is that the information in it cannot actually be changed once it is recorded. There is a permanent record that makes transactions nearly impossible to manipulate.
Initially, blockchain creators designed it as a public ledger, but nowadays blockchain can also be controlled by a particular company or group. The difference is that a company or group blockchain is stored on a smaller number of computers and does not provide the same protection.
Although referred to as digital currency, crypto is now perceived as digital gold pieces. Therefore, the term crypto mining emerged which refers to collecting Bitcoin by solving complex mathematical codes from crypto-producing sources or called pool mining.
There are many types of cryptocurrencies that can be spent. Here are 3 types of cryptocurrencies that you can use as investment instruments.
Number 1 of course the most popular Bitcoin. It is the most highly valued cryptocurrency in the world. As of Wednesday (6/10), the value of Bitcoin in Indonesia reached IDR 730, 850 million per chip.
Like other cryptocurrencies, Ethereum also runs on a blockchain mechanism. The difference is, that Ethereum uses a concept called smart contracts.
Smart contracts are written with code on the blockchain to extract. When the terms of cooperation are met between the two transacting parties, the transaction will be executed immediately. The current value per Ethereum is IDR 49.754 million.
Bitcoin Cash is a fraction of Bitcoin. Many people think that Bitcoin Cash is a faster and more affordable alternative to Bitcoin, which is very expensive. The current value per piece of Bitcoin Cash is in the range of Rp. 8,442 million.
In Indonesia, crypto assets that are categorized as digital gold have obtained legal legality through the Commodity Trade Supervisory Agency (CoFTRA) Regulations. Based on the CoFTRA Regulations of 2020, as many as 229 crypto assets, including the three names above, are declared legal for trading. However, crypto assets are only intended as an investment, not as a legal exchange rate.
After knowing what cryptocurrency is and its types, you can immediately invest in crypto. To facilitate investment, you can entrust Luno Indonesia. This digital platform provides access to make it easier to get crypto-assets instantly without hidden fees, with just a low fee of 0.75%. For example, if you buy Bitcoin worth Rp. 25 thousand, the admin fee is not up to Rp. 200.
Luno Indonesia also has a CoFTRA permit. So you don't have to worry because Luno Indonesia is guaranteed to be safe and reliable. In addition, Luno Indonesia also has various payment options to make it easier for you to make deposits and withdrawals quickly. You can also set up automatic Bitcoin purchases. The easy way is to activate the Repeat Buy feature in the Luno Indonesia application.
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Launching Investopedia, cryptocurrency is a digital or virtual currency that is guaranteed by cryptography. With cryptography, this digital currency becomes almost impossible to counterfeit in the future. The recording of all transactions made is stored on the blockchain. This blockchain is widely spread from one computer to another and is connected in a widespread network so that it is not centralized in one place, otherwise known as decentralization.
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Knowing More Cryptocurrency, Newbie Must Know!
In other words, cryptocurrency is a digital currency that can be used for transactions between users without the need to go through a third party. In your condition addition to using it as a transaction tool, many users or people use cryptocurrency as an investment instrument. This is due to the fluctuations in the value of cryptocurrencies very highest. The more people who believe in cryptocurrency, the higher its value will be.
Crypto Transaction Mechanism Crypto
currency transactions run through the mechanism of the blockchain system. Blockchain is a digital ledger that stores digital data, such as crypto transaction activities. One of the advantages of Blockchain is that the information in it cannot actually be changed once it is recorded. There is a permanent record that makes transactions nearly impossible to manipulate.
Initially, blockchain creators designed it as a public ledger, but nowadays blockchain can also be controlled by a particular company or group. The difference is that a company or group blockchain is stored on a smaller number of computers and does not provide the same protection.
Although referred to as digital currency, crypto is now perceived as digital gold pieces. Therefore, the term crypto mining emerged which refers to collecting Bitcoin by solving complex mathematical codes from crypto-producing sources or called pool mining.
Types of Cryptocurrencies for Investment in Indonesia
There are many types of cryptocurrencies that can be spent. Here are 3 types of cryptocurrencies that you can use as investment instruments.
1. Bitcoin
Number 1 of course the most popular Bitcoin. It is the most highly valued cryptocurrency in the world. As of Wednesday (6/10), the value of Bitcoin in Indonesia reached IDR 730, 850 million per chip.
2. Ethereum
Like other cryptocurrencies, Ethereum also runs on a blockchain mechanism. The difference is, that Ethereum uses a concept called smart contracts.
Smart contracts are written with code on the blockchain to extract. When the terms of cooperation are met between the two transacting parties, the transaction will be executed immediately. The current value per Ethereum is IDR 49.754 million.
3. Bitcoin Cash
Bitcoin Cash is a fraction of Bitcoin. Many people think that Bitcoin Cash is a faster and more affordable alternative to Bitcoin, which is very expensive. The current value per piece of Bitcoin Cash is in the range of Rp. 8,442 million.
In Indonesia, crypto assets that are categorized as digital gold have obtained legal legality through the Commodity Trade Supervisory Agency (CoFTRA) Regulations. Based on the CoFTRA Regulations of 2020, as many as 229 crypto assets, including the three names above, are declared legal for trading. However, crypto assets are only intended as an investment, not as a legal exchange rate.
After knowing what cryptocurrency is and its types, you can immediately invest in crypto. To facilitate investment, you can entrust Luno Indonesia. This digital platform provides access to make it easier to get crypto-assets instantly without hidden fees, with just a low fee of 0.75%. For example, if you buy Bitcoin worth Rp. 25 thousand, the admin fee is not up to Rp. 200.
Luno Indonesia also has a CoFTRA permit. So you don't have to worry because Luno Indonesia is guaranteed to be safe and reliable. In addition, Luno Indonesia also has various payment options to make it easier for you to make deposits and withdrawals quickly. You can also set up automatic Bitcoin purchases. The easy way is to activate the Repeat Buy feature in the Luno Indonesia application.
