Cryptocurrencies are a digital medium of exchange. The first cryptocurrency that began to circulate was Bitcoin back in 2009, and since then many more have emerged.
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A cryptocurrency or cryptocurrency is a digital medium of exchange. The first cryptocurrency that began to circulate was Bitcoin back in 2009, and since then many more have emerged.
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Bitcoin has been the kick of this trend, which will undoubtedly mark the future of the coming decades.
Unlike a physical bill or currency, a cryptocurrency is a digital asset that is stored in an electronic wallet (Wallet).
At the time of writing this post, there are more than 800 cryptocurrencies available to invest.
Each cryptocurrency, like «real» currencies, has an exchange rate, given by the perception of value of the community that uses it to trade.
Most of the financial analysts and experts consulted agree that cryptocurrencies is a trend that is here to stay, although it has many aspects to improve, including security and the high level of speculation that exists.
In the list below you can see which are the 10 cryptocurrencies with the highest market capitalization as of May 19, 2017. At the moment, Bitcoin remains firm in the number 1 position.
What are paper wallets?
Paper wallets are the safest way to store cryptocurrencies, as only you are in control of the money. It can be said that you are printing your own tickets.
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Paper wallets are the safest way to store cryptocurrencies, as only you are in control of the money. It can be said that you are printing your own tickets.
A paper address is made up of a public key (Share) and a private key (Secret). The public key is the one you will share to receive the money, while the private key is to use the funds.
You should never share the private key (Secret) with anyone, since anyone with minimal knowledge can steal your money. It is as if you gave a ticket to a stranger… Do you think he would return it to you?
You can generate your paper addresses to print Bitcoins from the bitaddress site.
In case you want to save a significant amount of money in your paper Wallet, you should do it with a script that runs directly on your computer and disconnected from the Internet. This way you make sure that he had no contact with the network.
All cryptocurrencies have the ability to generate their own paper address. For example, if you wanted to make one for Dogecoin you enter WalletGenerator and generate one in seconds.
As you can see, it is the same procedure for all cryptocurrencies.
Tomorrow we are going to publish a post where we will explain step by step how to import a Dogecoin paper address to a wallet on your Smartphone.
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Litecoin, a cryptocurrency with high potential
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Litecoin is one of the first cryptocurrencies, launched back in October 2011.
It is estimated that 84 million Litecoin will be issued, 4 times more than expected for Bitcoin.
Until a month ago, Litecoin averaged US$4, to jump to US$35, and everything seems to indicate that it will continue to rise.
In November 2013, Litecoin reached its all-time high of $50, before falling sharply in 2015 to just over $1.
The truth is that in the last month Litecoin has multiplied its value by 9, the big question being… Are we facing a speculative movement or a possible Bitcoin?
