How are cryptocurrencies made?

Posted 2024-07-09 05:57:21

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Cryptocurrencies are made by technical developers, they use programming languages like javascript, solidity, and Golang to develop cryptocurrencies, etc. So if anyone wants to create a new crypto they have to study and learn technical programming languages or they can hire a group of developers to create a new cryptocurrency.

What is cryptocurrency?

Cryptocurrency is a digital currency that means you can invest and purchase cryptocurrencies like bitcoin, Ethereum, ripple, parkcoin, etc. Each cryptocurrency has its own different price values. For example, if you buy Bitcoin worth rupees 50 lakhs INR, you are holding 50 lakhs INR digitally safe and securely.

What does the word Crypto mean?

Crypto means Cryptography, sending a text or SMS to someone secretly by encrypting and receiving a text from someone by decrypting is known as Cryptography.

Encryption means a mixing of letters and numbers by hiding a text. For Example, A sends a text as “Blockchain is a ledger” to B. This text is encrypted and sent by A. Encrypted text looks like “2weud67sbcg78”

B receives a text from A that looks like “2weud67sbcg78” and then B decrypts a text and sees the original text from A “Blockchain is a ledger”.

Secretly sending a text or documents without showing an original text to a stranger by encrypt and decrypt method is known as crypto.

How is your money safe in crypto?

Money is absolutely safe in investing in cryptocurrency through blockchain. Blockchain keeps our money and records safe and secure. Blockchain is a public ledger. In other words, we can say bill details in the white paper, that ledger has records like buying and selling cryptocurrencies.

Where can we Buy and sell Cryptocurrencies?

We can Buy and sell cryptocurrencies in Global cryptocurrency exchange platforms. These platforms allow traders to buy, sell, and trade cryptocurrencies. Some of the best crypto exchange platforms give the best support to users from the beginning.