Chapter 1- The Basics
We see Cryptocurrency as a new type of digital money designed for use over the internet. The first and most famous cryptocurrency is Bitcoin, created in 2008. Since then, Bitcoin and other popular cryptocurrencies like Ethereum have grown as digital alternatives to traditional government-issued currencies.
The most well-known cryptocurrencies include Bitcoin, Ethereum, Tether, and Solana. There are also others like Tezos, EOS, and ZCash, each with unique features and uses.
Cryptocurrencies allow people to send and receive money directly online without needing banks or other middlemen. This makes sending money faster, cheaper, and available at any time, from anywhere in the world.
Unlike regular currencies controlled by governments or banks, cryptocurrencies are run by networks of computers that anyone can join. This system is secured through blockchain technology, which records and verifies all transactions safely and transparently.
A blockchain is like an open, digital record book that keeps track of every cryptocurrency transaction. Instead of being stored in one place, this record is shared across many computers, making it secure and trustworthy.
Cryptocurrencies give people full control of their own digital money, aligning with Movo's goal of providing secure, transparent, and easy-to-use financial services.
