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Cryptocurrency and blockchain working hand in hand

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tfame3865
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last yearSteemit4 min read

If you have been following up with my post you will see where I recently talked about understanding what is blockchain. I felt that since blockchain and cryptocurrency works hand in hand, it will be advisable to blog about what is cryptocurrency also. For those newbies out there, I believe this post will be what they needed. It will be the appropriate guide towards their success when it comes to their cryptocurrency journey. I know that a lot of person knows what cryptocurrency is so they might felt that there is no need reading through such post again. My believe is that as humans we should knows that we can't knows it all, life is a learning curve as there is every tendency that every bit of knowledge acquire is never going down the drain. This is why even though I am conversant with a particular topic and somebody is teaching about it again, I will never play deaf ears to it. will give it my time and attention because I knows that there is no how that such teaching won't be bringing up something new to the table.

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For the benefit of this post I will be trying my possible best to make sure that I talked about what is cryptocurrency from ages. As for your information just like the message that I am trying to pass above, cryptocurrency has been in existence for a very long period of time. As for your information, the idea of crypocurrency was introduced to us by the great Nakamoto Satoshi. He is the person that birthed the first cryptocurrency which is called Bitcoin into live. Ever since it was created and birthed into reality we have been seeing different cryptocurrency project resurfacing. Right at this moment I believe we have lost count of those cryptocurrency project out their. We are loosing count simply because we are seeing tons of cryptocurrency project being released almost every day. Well, this is what makes cryptocurrency amazing and decentralised.

As for your information if you wants to key into cryptocurrency you don't need to be somebody who will have all the programming knowledge in the world before you can do that. The crypocurrency ecosystem is open to all wether you have talent or not. The beauty of cryptocurrency is knowing fully well that it is opened to everyone irrespective of the colour and race. This is why many people embraced it. It is a free world were they should not be dictators, it should be a world and ecosystem where we should be supporting each other until we can get things achieved. As for your information cryptocurrency and blockchain work hand in hand, without one there is every tendency that the other one can't function.

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Continuing from the message that I am trying to pass above, do you knows that cryptocurrency and the blockchain ecosystem works hand in hand. Without blockchain there is no cryptocurrency and without cryptocurrency there is no blockchain. Permit me to explain the above in a lane man's terms, ways or pattern that you will be able to understand. On my last post, why using the bank as an advantage and case study, I said that the blockchain is like your bank, it is the place or house where transactions are being carried out. Now cryptocurrency in related to bank is the transactions that are being carried out in the bank. With the above I believe you can now see why I said that cryptocurrency and the blockchain ecosystem works hand in hand.

With the above I believe we can now understand why I said that cryptocurrency and the blockchain ecosystem works hand in hand. We all knows that in the banking sector you can carry out different transactions. Some of the transactions include sending of money, withdrawing of cash, changing of currency and lots more. Same thing is what we are seeing in the crypocurrency ecosystem. In the blockchain, they are different cryptocurrency tokens that you can simply change your tokens or coins to, all this are made possible through cryptocurrency and the blockchain at large.

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I will end the post here, if you have anything else to say please air your view by commenting under this post.

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