Guest Post by CrytpoMedia - All Things Cryptocurrency

CrytpoMedia - All things cryptocurrency

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Quick intro to #blockchain technology Here’s the basic steps... Quick intro to #blockchain technology Here's the basic steps for blockchain technology - Tl;Dr: transactions verified by electronic signatures verified by an anonymous autonomous network So when a transaction is created (purchase etc) it is created as a "block" of information. This information represents the transaction. Every validator on the network receives this block. Now the transaction has been verified by all and can be added to the chain of other valid transactions. This long chain that can be checked and verified by everyone but modified by no one is called the blockchain.

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What is Cryptocurrency?

Ready for Cryptocurrencies?

So what Cryptocurrency is is digital money. That means there’s no physical coin or physical bill, it is all online. You can transfer cryptocurrency to someone online without an intermediate , like a bank. Bitcoin and Ethereum are the top traded cryptocurrencies by volume, but new cryptocurrencies (over 3000) continue to be created. These create new earning opportunities and potential for residential consumers.

People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” 

Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.

Before you buy cryptocurrency, know that it does not have the same protections as when you are using U.S. dollars. 

WARNING: Be wary that scammers are asking people to pay with cryptocurrency because they know that such payments are typically not reversible.

Notice: With so many digital currencies, its hard to keep up which one is most profitable for processing transactions. Also, with the already high cost of equipment, setup costs, electricity and maintenance costs continually sky-rocketing, why not use cloud mining to yield positive results?

Purchase Cloud Mining Smart Contracts

Disclaimer: Not all smart contracts will yield positive returns. On average, losses are expected at 37% with returns averaging 111% - 1000% ROI.