The rise of cryptocurrency: a guide to the world of encryption, pre-sales and wallets
The cryptocurrency world has made a long way since its creation in 2009. From the humble beginning as an alternative to traditional fiduciary currencies, cryptocurrency has evolved into a global phenomenon, with millions of users worldwide. In recent years, the cryptocurrency market has experienced significant growth, driven by increased adoption, innovation and regulation. Here is an overview of the world of encryption, pre-sales, wallets and TVL (total blocked value).
What is cryptocurrency?
Cryptocurrencies are digital or virtual currencies that use safety encryption and are decentralized, which means they are not controlled by any government or institution. The best known cryptocurrencies include Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Each cryptocurrency has its own unique characteristics, such as a fixed coin supply, a decentralized network and a transparent record of transactions.
Pre-sales: the first days
In the early days of cryptocurrency, pre-sales were common. These events allowed investors to buy a new project or token before being listed in a scholarship. Pre-sales helped raise funds for projects, which will be launched in the public market later. Some remarkable pre-sales examples include:
- Binance coin (BNB): Launched in 2017 as the native cryptocurrency of the popular cryptocurrency exchange binance.
- Telegram token selling: In 2018, Telegram, a messaging app with over 500 million users, led a huge token sale to raise funds to expand to new markets.
Best wallets
A wallet is an essential tool for storing and managing cryptocurrencies. Here are some of the best wallets on the market:
* Metamask : A popular choice among cryptocurrency enthusiasts, Metamask allows users to store, send, receive and manage their cryptocurrencies on various platforms.
* Ledger Live : A safe and easy to use wallet that supports multiple cryptocurrencies, Ledger Live is designed for beginners and experienced users.
Trust wallet : A mobile wallet that offers a variety of features, including support for multiple cryptocurrencies, advanced security measures and perfect integration with popular payment systems.
TVL (total blocked value)
The total blocked value (TVL) refers to the total amount of value blocked in cryptocurrency projects. TVL is an important metric that helps investors understand the scale and liquidity of the market from a project. Here are some important statistics on TVL:
* 2021: Global TVL has reached more than $ 120 billion, with many best performance projects reaching high records.
* Top 10 by TVL:
+ Bitcoin (BTC): More than $ 100 billion
+ Ethereum (ETH): More than $ 50 billion
+ Tetter (USDT): More than $ 20 billion
Why invest in encryption?
Investing in cryptocurrency can be a high risk opportunity and high reward. Here are some key factors to be considered:
* Diversification:
Cryptocurrency is often considered a diversified investment option as its value can float rapidly.
* Regulation:
As the regulatory scenario continues to evolve, investors must remain informed about the changes that may affect their investments.
* Innovation: Cryptocurrencies offer innovation and interruption opportunities in various sectors, including finance, payments and medical assistance.
Conclusion
The cryptocurrency world is complex, but it is also exciting. Understanding the basics of encryption, pre-sales, wallets and TVL, investors can make informed decisions about their investments. Whether you are an experienced investor or just starts, there are many features available to help you navigate this quick evolution space.
Responsibility Exemption: This article is only for informative purposes and should not be considered as investment counseling.