Dogecoin Hits the Sky! Prices Skyrocket High Driven by Doge ETF Optimism!

Original author：DOLLAR HUNTER

Original source：https://www.youtube.com/embed/qe1_nmErcOY

DISCLAIMER : All content I share here should not be considered financial advice. I am not a Financial Advisor and the views and analysis I present are only speculative based on my personal perspective. The technical information I discuss is also just a subjective interpretation and does not guarantee financial gain. By watching and using the information I provide, it is hoped that viewers will be able to realize that all investment decisions remain a personal responsibility, and there is no guarantee of positive results.

What is crypto (crypto)?
In general, crypto is a virtual currency whose security is guaranteed by cryptography. Cryptography makes it impossible to counterfeit or double-spend cryptocurrency. So, even if it is used virtually, there is no possibility of counterfeiting that would harm the owner. Why has cryptocurrency become popular recently? The reason is because these digital assets are not bound by a central authority, such as banks. By using a decentralized network of Blockchain technology, the distribution system can be done via various computers.
This decentralized system is beyond the control of government and centralized authorities. No one controls your virtual assets when you own cryptocurrency.
Moreover, currently various countries have started to allow the use of crypto money. You can also spend it on cross-border transactions.
How do cryptocurrencies work? Cryptocurrency is supported by a technology called blockchain. This technology ensures the security of online transactions even without the use of third party intervention. Crypto money is protected by various algorithms and encryption and cryptography that refer to blockchain technology. So, do you know what blockchain technology is? This is the essence of cryptocurrency functionality. We need to study it to understand how crypto money works.
What is Blockchain? First of all, we can try to understand what it is through its name. Basically, a blockchain is a collection of blocks connected in an online ledger. Each block contains a set of transactions that have been verified independently by each network. When there is a transaction, for example between A and B. A wants to send crypto to B. This transaction is represented online as a set of blocks. Then, the block is distributed to each decentralized network. If there is approval from the network system, the transaction is valid. Then, blocks are added to the online ledger which provides an indelible and transparent record of transactions. Popular types of Crypto.

How many types of cryptocurrency are there in the world? As time progresses, lots of crypto coins appear. Of the many cryptocurrencies that exist, the two most popular are Bitcoin and ETH.

Satoshi Nakamoto is the person who initiated Bitcoin. He introduced the concept of cryptocurrency for the first time in 2008. Then, Bitcoin became available in 2009. Currently, Bitcoin is the most popular cryptocurrency today, where its value continues to fluctuate to this day.



Currently, 1 Bitcoin is equivalent to 27,911.50 USD or around IDR 418 million. This is not the highest point. In October 2021, the value of 1 Bitcoin reached IDR 930 million. Another popular type of crypto coin is Ethereum or what we often call ETH. Just like Bitcoin, the value of ETH is also very large. Currently, 1 ETH is worth IDR 27 million. In November 2021, when the value of all crypto assets rose, the value of 1 ETH even reached IDR 67.3 million.



How to Use Crypto?

Each crypto coin has its own function. Not all crypto money is legal in the world. Legitimate cryptocurrencies, such as BTC and ETH, can be used to buy goods, trade or invest. Then, you can use coins issued by certain companies or platforms to shop on that platform.



For coins that are legitimate, you can spend them like normal money. What is important is that Bitcoin or Ethereum exists as a means of payment. In an era that is increasingly developing, you also need to keep up with the times. To secure your assets, you can consider buying digital assets in the form of crypto money. Currently, we can buy crypto from various local platforms.



After learning what crypto is, you can start considering buying crypto money. Don't forget to continue learning everything about crypto so you can determine which is the best and most profitable asset. That way, you can have digital assets that are safe and promising.