What is a cryptocurrency?

Cryptocurrency or crypto is a digital asset which brings a lot of opportunities that enables individuals to transact as well as earn with various means by transmiting value in a digital setting.
Transactions are verified and records, maintained by a decentralized system using cryptography, rather than by a centralized authority.

What makes cryptocurrency different?

Cryptocurrency is different for a lot of reasons. Its basic function which is to serve as an electronic cash system that isn’t owned by a single party.
A good cryptocurrency is meant to be decentralized. There isn’t a central bank or subset of users that can change the rules without reaching consensus. The network participants (nodes) run software that connects them to other participants so that they can share information between themselves.
The decentralization of cryptocurrency networks makes them highly resistant to shutdown or censorship. In contrast, to cripple a centralized network, one just need to disrupt the main server. If a bank had its database wiped and there were no backups, it would be very difficult to determine users’ balances.
In cryptocurrency, nodes keep a copy of the database. Everyone effectively acts as their own server. Individual nodes can go offline, but their peers will still be able to get information off of other nodes.
Cryptocurrencies are therefore functional everytime. They allow for the transfer of value anywhere around the world without the intervention of intermediaries. This is why we often refer to them as permissionless. Anyone with an Internet connection can transmit funds.

How did cryptocurrency come to be?

A lot of attempt have been made over the years at creating digital cash schemes (cryptocurrencies). It was finally brought to life and the first of the cryptocurrencies was Bitcoin, which was released in 2009. It was created by a person or group of people using the pseudonym Satoshi Nakamoto. To this day, their true identity remains unknown.
Bitcoin has brought about a huge number of subsequent cryptocurrencies (altcoins), some aiming to compete, and others seeking to integrate features not available in Bitcoin. Nowadays, many blockchains do not just allow users to send and receive funds, but to run decentralized applications using smart contracts. Ethereum is perhaps the most popular example of such a blockchain.

What are tokens?

Tokens are smart contracts developed on a distributed network of a unique cryptocurrency. In the world today, there are lots of decentralized finances (DeFi) which are smart contracts made from a distributed chain of a unique cryptocurrencies like Binance and Ethereum. These smart contracts can be used like cryptocurrencies but they are more flexible. You can mint millions of identical ones, or a select few with unique properties. They can serve as anything from digital receipts representing a stake in a company to loyalty point.
For every transaction carried out on any of these smart contracts, the base currency of which it is created would be utilized. In Binance, for instance, the native currency is BNB and its smart chain (BEP20) must be used to create and transfer tokens within the Binance smart chain network.

What is crypto wallet?

A cryptocurrency wallet is a security protocol that holds your private keys and allows you to store your coins as well as tokens and be able to transact with them. Private keys grants every crypto user ownership of the funds in his or her wallet. A crypto wallet can be a purpose-built device (a hardware wallet) or an application on your PC or smartphone.

What is blockchain?

Blockchain is a specific type of database which is digital and differs from a typical database in the way it stores information. Blockchains store data in blocks that are then chained together. As new data comes in it is entered into a fresh block. A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. As blocks each contain information about the block previous to it, they form a chain, with each additional block reinforcing the ones before it. Therefore, blockchains are resistant to modification of their data because once recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks. Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol to communicate and validate new blocks.

What is trade?

Trading is a fundamental economic concept that involves buying and selling assets. These can be goods and services, where the buyer pays the compensation to the seller. In other cases, the transaction can involve the exchange of goods and services between the trading parties.
In the context of the financial markets, the assets being traded are called financial instruments. These can be stocks, fiats, cryptocurrencies, smart contracts (DeFi projects) and many others.

What is a Loan Worthy Value?

Loan Worthy Value is a figure that ascertains the worthiness of our clients to get a loan. There are different values which distinguishes the different loan offers our clients can get. This depends most importantly on the amount of coin held by our clients.
We have made the loan offers suitable and economical to every class, providing a good time frame for the return of the given loan. Having a high loan worthy value gives you an edge on getting a greater loan offer

What is a Loan score?

A loan score is also a figure but in percentage (expressed as a fraction of one hundred) used to rate the efficiency of our clients compliance to the stipulated time of return of every loan given. Returning every given loan at the specified time attracts a high loan score which opens the door to getting more loans and a longer time interval for return

How do i earn with crypto?

There are various ways of earning with crypto generally in the world today a few of which we have made possible. A lot of crypto enthusiast get involved with various trade options and mining. We have made an impact by including other means of earning.
A lot do participate in crypto activities but are not fully aware of what they are into. It takes more than just staking and hoping for the best to earn. Without full or proper understanding, you might just be a source of income to others.
Trade One Fx has made a compilation of helpful guide by top crypto professionals to help our customers earn well with crypto in various aspect of trade and other medium.
For more information, visit the Expert guide.

What is crypto sport staking?

This is a new dimension created to help every soccer fan earn crypto easily by predicting popular, live soccer games. Here, you show your skill of good predictions in order to earn. You can participate using any available coin or token (DeFi project).

What is crypto quiz?

Crypto quiz enables you to accumulate more crypto and tokens by participating in the online question and answer. You must be very knowledgeable about cryptocurrencies to participate in this. You can participate using any available coin or token.