Cryptocurrencies
In the world of cryptocurrency, there are so many different coins and tokens that trying to research them all can make any person interested in the hobby of investing in cryptocurrency lose interest. In this blog post, you will learn about the top 10 cryptocurrency coins by market cap (the total valuation of the coin or token derived from multiplying the number of coins or tokens by each number of coins or tokens in circulation). There will be more posts attempting to describe in the simplest terms the different projects (wrong word? do you mean products?) that exist in the cryptocurrency world.
The first cryptocurrency that has been a household name since it burst out to its all time high of 19K is Bitcoin. (19K what? if it's $19K, the dollar sign is necessary. also "burst out is usually used when a product is first launch, but I'm assuming Bitcoin reached 19K at a later date. In 2018, the price skyrocketed to new levels that would change the way cryptocurrency would be looked at. Cryptocurrency obtained the attention of mass media as well as most individuals as they began to see the value of Bitcoin or at least the speculated value of the item. (we would probably not call Bitcoin an item. It'd be better to say "the coin" or "cryptocurrency") Bitcoin would then drop to a new normal of 9K ($9K?) Regardless of <s style="background-color: rgb(255, 255, 0);">the</s> price, Bitcoin was the first cryptocurrency <s style="background-color: rgb(255, 255, 0);">that was</s> created back in 2012 and <s style="background-color: rgb(255, 255, 0);">had the ability to</s> allowed individuals <s style="background-color: rgb(255, 255, 0);">the liberty</s> to have their own store of value in these digital coins. The digital coins need a digital wallet that allows <s style="background-color: rgb(255, 255, 0);">the</s> individuals <s style="background-color: rgb(255, 255, 0);">to be able</s> to access the coins and send them to a desired destination without having to physically transport the coins.
Bitcoin allowed <s style="background-color: rgb(255, 255, 0);">the</s> individuals <s>the ability </s>to learn about how to store their own cryptocurrency in a specified wallet. There are multiple forms of storing Bitcoin such as a digital wallet or off-line wallet. By using the wallet, you are able to access your Bitcoin and keep it safe. <s style="background-color: rgb(255, 255, 0);">The ability to </s>Accessing Bitcoin <s style="background-color: rgb(255, 255, 0);">was</s> is done through the <s style="background-color: rgb(255, 255, 0);">generation</s> creation of a specific wallet passcode and password. The passcode <s style="background-color: rgb(255, 255, 0);">allowed you to keep</s> is a sequence of 12 words that when entered in the correct order <s style="background-color: rgb(255, 255, 0);">would</s> allows individuals to access the Bitcoin in case the password <s style="background-color: rgb(255, 255, 0);">was</s> is forgotten. The password serves as a normal password. With this technology, individuals were able to <s style="background-color: rgb(255, 255, 0);">have their own ability to</s> use Bitcoin as a store of value and send Bitcoin without the need to transport a physical store of value like gold, silver, or similar items. The following is an example of a passcode for Bitcoin.
point, new, start, create, justice, love, compassion, creativity,
action, judgment, completion, victory