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Introduction to Crypto world

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Basically, cryptocurrencies are entries about token in decentralized consensus-databases. They are called  CRYPTOcurrencies  because the consensus-keeping process is secured by strong cryptography. Cryptocurrencies are built on  cryptography . They are not secured by people or by trust, but by math. It is more probable that an asteroid falls on your house than that a bitcoin address is compromised. Describing the properties of cryptocurrencies we need to separate between transactional and monetary properties. While most cryptocurrencies share a common set of properties, they are not carved in stone. Transactional properties: 1.)  Irreversible:  After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. Ther