Bitlogic |The Tech Blog

Photo by  David Shares  on  Unsplash Cryptocurrency Wallet is a piece of software or hardware that you can use to store and manage your cryptocurrencies. Most people have misunderstandings about crypto wallets. They think your cryptocurrencies are sorted in your crypto wallet, but as I mentioned, you can use crypto wallets to store and manage your crypto currency. But It doesn’t mean that you store your cryptocurrencies in your wallet. Got confused? Let me make it clear. Your crypto currency has no physical form, it's just a unique record which is stored on a blockchain database, and blockchain database is stored on decentralized and distributed networks of computers. So When it is stored on thousands of computers across the world, then how is it possible for you to store your cryptos in your wallet? In reality you only store public and private keys in your wallet. Those keys make you the owner of all the cryptocurrencies which are associated with it. you can use...

Photo by  Austin Distel  on  Unsplash Cryptocurrency exchange is a platform where you can buy and sell cryptocurrencies in exchange for fiat money or other cryptocurrencies. In simple words, cryptocurrency exchanges provide service for buying, selling and exchanging   cryptocurrencies . The world of crypto exchanges is extremely exciting, million of transitions are happening each day. people buying, selling and exchanging cryptocurrencies either for fiat money or for other cryptocurrenies.   If you are interested to invest in cryptos,  you should have some  information about exchanges so you will not waste your time on the wrong exchange. What You Should  Know About Cryptocurrency Exchanges Fiat to Crypto: This type of exchange service helps you to buy cryptocurrencies in exchange for Fiat money ex: Dollars, Euros, Pounds, Yen etc. You can use your credit card, debit card, online banking system or any other method of payment ...

What is Cryptocurrency ? Cryptocurrency is a digital or virtual currency that can be used online in exchange for goods and services.    In other words you can use cryptocurrencies like other currencies to buy or sell things, unlike other currencies it is not physical but digital or virtual. In simple words "Cryptocurrency is a new form of digital money ". Cryptocurrency uses cryptography to provide secure online transactions, that's why it is called cryptocurrency. Cryptography is a technology that keeps information safe and hidden from the attackers. Cryptocurrency uses blockchain technology which is decentralized, secure and spread across many computers, that manage and record the transactions of cryptocurrencies. Blockchain is a decentralized and distributed databases system. it is a new way to share data and make transactions more secure, transparent and cheaper than before. So now you know what is cryptocurrency , it is ...