Cryptocurrency Exchanges
Centralized Exchanges (CEX): These are the most common type of exchanges, acting as intermediaries between buyers and sellers.
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Mining and Consensus Mechanisms
Alright, imagine a digital gold rush, but instead of digging in the ground, miners use powerful computers to solve complex mathematical puzzles.
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Cryptocurrency Transactions
so imagine a big, digital book that records every transaction ever made using a particular cryptocurrency
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Ethereum and Smart Contracts
Ethereum isn't just a cryptocurrency like Bitcoin. It's a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps).
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Bitcoin Explanation
So, what's the big deal about Bitcoin? Well, it's a digital currency, but not just any digital currency.
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Components of a Blockchain
Think of blocks as digital containers that store information. Each block in a blockchain contains a bunch of transactions
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Understanding Blockchain
Imagine a digital ledger like a massive, transparent, and super secure bookkeeping system that records transactions across a network of computers.
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What is a Cryptocurrency
Well, it's a type of digital or virtual currency that uses cryptography for security.
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What is Money?
Money, at its core, is a medium of exchange. It's a way for people to trade goods and services without having to resort to the barter system