Crypto Currency

We focused on providing investment solutions to our customer in Wynk Trade International.

What is Cryptocurrency?


What is crypto currency?

21st-century unicorn – or the money of the future? This introduction explains the most important thing about cryptocurrencies. After you've read it, you'll know more about it than most other humans. Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

Crypto Vs Forex

The Differences between Forex and Crypto Trading. It takes a certain type of savvy trader to navigate unpredictable market conditions and emerge in profit. Let’s start with the pros and cons to be found from trading both crypto and forex.

“The pro of trading crypto and forex is that these are global markets dominated by large financial players who have algorithmic trading capabilities. Most individual players cannot compete or match the trading and speed of hedge funds and large banks which swim in these markets.

The biggest difference between forex and BTC markets is that unlike forex, bitcoin started and scaled via global retail trade and not via institutional players. This makes the BTC markets behave in a very different pattern than traditional forex markets.

Bitcoin has an ultimately finite supply of 21 million coins, with protocols that control new issuance meaning there is little room for manipulation. “Therefore, trading in bitcoin would be purely focused on demand, which in turn would be based on adoption and in turn the quality of the project,Higher adoption of bitcoin essentially increases the size of the network, which means more users, higher utility and an increasing price. The lack of outside or centralised influence is unique, and a benefit of the genesis crypto asset.”

How Does Cryptocurrency Work?


Mining


Miners try to solve mathematical puzzles first to place the next block on the blockchain and claim a reward.

EXCHANGE


An exchange is a business (usually a website) where you can buy, sell or trade cryptocurrencies.

WALLETS


Cryptocurrency wallets are software programs that store public and private keys and enable users to send and receive digital currency and monitor their balance.


Crypto Definition :

Below is a list of seven things that every cryptocurrency must be in order for it to be called a cryptocurrency

1. Digital: Cryptocurrency only exists on computers. There are no coins and no notes. There are no reserves for crypto in Fort Knox or the Bank of England!

2. Decentralized: Cryptocurrencies don’t have a central computer or server. They are distributed across a network of (typically) thousands of computers. Networks without a central server are called decentralized networks.

3. Peer-to-Peer: Cryptocurrencies are passed from person to person online. Users don’t deal with each other through banks, PayPal or Facebook. They deal with each other directly. Banks, PayPal and Facebook are all trusted third parties. There are no trusted third parties in cryptocurrency! Note: They are called trusted third parties because users have to trust them with their personal information in order to use their services. For example, we trust the bank with our money and we trust Facebook with our holiday photos!

4. Pseudonymous: This means that you don’t have to give any personal information to own and use cryptocurrency. There are no rules about who can own or use cryptocurrencies. It’s like posting on a website like 4chan.

5. Trustless: No trusted third parties means that users don’t have to trust the system for it to work. Users are in complete control of their money and information at all times.

6. Encrypted: Each user has special codes that stop their information from being accessed by other users. This is called cryptography and it’s nearly impossible to hack. It’s also where the crypto part of the crypto definition comes from. Crypto means hidden. When information is hidden with cryptography, it is encrypted.

7. Global: Countries have their own currencies called fiat currencies. Sending fiat currencies around the world is difficult. Cryptocurrencies can be sent all over the world easily. Cryptocurrencies are currencies without borders!

WYNK TRADE INTERNATIONAL is a global company with many investors and entrepreneurs in the World!

Powered & Developed by - WynkTrade International © 2018-19