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13 Types Of Cryptocurrency That Aren't Bitcoin |
Move over, bitcoin. The world of virtual currencies is getting very crowded with so-called altcoins. Bitcoin's explosion in prominence has led to the growth of dozens of other cryptocurrencies. Meanwhile, companies are betting that blockchain, the underlying technology of bitcoin, could fundamentally change the economy, leading to a surge in blockchain projects. The following is a list of some of the most prominent altcoins around. Many are blockchain experiments that use the sale of coins to fund the project and fuel the network. You should definitely do your research if you intend to buy. It's also worth noting that buying some of these is not exactly easy. In many cases, you'll likely need to buy bitcoin or ethereum first. As with all investments, but especially ones in the crypto space, avoid investing money that you are not comfortable losing given the volatility of the space.

How To Buy Bitcoins |
The simplest way to think of bitcoin is as digital cash. When you buy something online, you probably use your credit card. When you use a credit card to buy anything, there is always a record of the purchase. If you use cash to buy a sandwich, there is no record that you made any such purchase and no way trace it back to you. Bitcoin works like cash, but with the advantages of credit cards. You may have heard bitcoin referred to as a cryptocurrency. You likely know what currency means, but might be confused by the crypto part. That refers to cryptography, which secures communications so that outsiders can't read the information being exchanged between various parties. It is the use of cryptography that makes it very hard to trace the buyers or sellers using bitcoin.

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