Just as the internet seemed strange a few years ago, and today we can't
live without it, the world of cryptocurrencies is coming to transform
our lives in the same way.
At first, everything can seem scary and exhausting, yet another one more
thing to learn... But don't worry!
This guide was made to help you start easy in the world of
cryptocurrencies in a simple and direct way. Let's explore the basic
concepts and help you understand how to start.
Cryptocurrency
What are these crypto coins?
Cryptocurrencies are digital coins that use cryptography to secure
transactions. Unlike traditional money, which is issued by central
banks, cryptocurrencies can be created by anyone and operate on computer
networks called blockchains.
How do they work?
Cryptocurrencies are based on blockchain technology, which records all
transactions in a public and distributed ledger. Each transaction is
verified by a network of computers and added to the next block on the
chain. This process ensures the transparency and security of
transactions.
Famous examples
Bitcoin:
Created in 2009, it is the first and most well-known cryptocurrency.
It functions as a medium of exchange and store of value.
Ethereum:
Introduced in 2015, it allows the creation of smart contracts, which
are programs that can be used to automate and enforce transactions and
agreements between parties.
Solana:
Launched in 2020, Solana is known for its high transaction speed and
low fees. This makes it ideal for various uses, from small purchases
to complex applications.
Blockchain
What is a Blockchain?
Blockchain is the technology that underpins cryptocurrencies. Think of
it as a digital ledger, but instead of being stored in a single place,
like the servers of a large corporation or government institution, it is
distributed across multiple computers around the world. This
distribution is called decentralization, and makes them safer and more
transparent.
One of the most important features of blockchain is its immutability:
all transactions recorded on it cannot be altered by anyone. This makes
blockchain the most secure and transparent way to conduct monetary
transactions, as all transactions are visible to everyone, but no one
can alter them after they are recorded.
How does it work?
When a transaction is made, it is grouped with other transactions into a
"block". These blocks are organized in chronological order, forming a
"chain" of blocks, or a blockchain.
Each block contains a unique code (called a hash) that also includes the
code of the previous block, ensuring that all blocks are securely
connected. If someone tried to alter a transaction, the block's code
would change, breaking the sequence and alerting the network to the
attempted fraud.
In addition, the blockchain is maintained by many different computers
around the world, known as "nodes" or "miners". These computers work
together to verify and record new transactions. Because the blockchain
does not rely on a single server, it is highly resistant to attacks and
fraud, as there is no single vulnerable point that can be attacked.
Additional security comes from the process of verifying transactions,
where computer nodes securing the network use cryptography to validate
that only legitimate transactions are recorded, and no one is moving
resources they don't own or signing messages they shouldn't.
Memecoins
What are Memecoins?
Memecoins are a type of cryptocurrency inspired by memes. They usually
start as a joke or a meme, but can quickly gain popularity when the meme
is widely used and shared.
Memecoins are created more for fun than for practical use, but can
become valuable as more people become interested in them.
Famous Examples
DOGEcoin:
Created in 2013 as a parody of Bitcoin, based on the Shiba Inu dog
meme. Despite its humorous beginnings, DOGEcoin has gained a large
community and significant value, being used in various transactions
and even sponsoring events.
Shiba Inu ($SHIB):
The DOGE of Ethereum, SHIB was created in 2020 and quickly gained
popularity, in part due to the support of a strong and active
community, and a massive donation made to India during COVID relief.
$PEPE:
Inspired by Pepe the Frog, the most popular internet meme for over a
decade, this memecoin also gained notoriety and attracted one of the
largest fan community.
Why invest in Memecoins?
Investing in memecoins can be a fun and affordable way to get into the
world of cryptocurrencies. Here are some reasons to consider investing
in memecoins:
Fun:
Memecoins are fun and often have an active and engaged online and
offline community that shares memes and jokes, and organize
activities.
Accessibility:
Many memecoins are cheap, allowing new investors to buy a significant
amount of coins without spending much money.
Potential:
As the memes become more popular, the coin can quickly appreciate in
value, allowing you to make some extra money.
Experimentation:
Investing in memecoins can be a way to learn about the cryptocurrency
market and understand how transactions and storage work, without the
risk associated with more expensive cryptocurrencies.
The Metaversico Memecoins
The memecoins $GOGO, $TUTU, $BIBI, and $PIPI will be launched soon and,
with the growing popularity of memes, they promise fun and profitable
learning!
