Confused About Cryptocurrency? An Introduction to the Basics
Cryptocurrency is something that is widely spoken about nowadays, but for many people, the term ‘cryptocurrency’ is something of a mystery. Cryptocurrency may seem like a new concept, but it has been around for over ten years and first became available to the general public in 2009.
What Makes Cryptocurrency Different from Regular Money?
Much of the mystery surrounding cryptocurrency is caused by the fact that it exists online and doesn’t conform to many established ways of handling money. Cryptocurrency’s most significant difference is, for many, its most appealing feature. Rather than being centrally controlled in the way that banks are, cryptocurrency does not need financial institutions and is entirely decentralized. No one person owns or controls cryptocurrency. If you start to trade in cryptocurrency, you do not need to provide identification or prove who you are; you can remain entirely anonymous. This means that you won’t receive an account number or any of the other recognizable conventions involved in dealing with traditional financial institutions. There’s also multiple different types of cryptocurrency, including BNB. Here’s one place you can buy BNB.