The appearance on the Internet of many cryptographic monetary systems significantly expands the range of possible ways to pay for services and goods on the network, and also makes it possible to have the main or additional income from the use of crypto money in financial projects. All this contributes to the growth of the interest of network users in studying the operation of new monetary systems and, accordingly, the demand for explanatory information about crypto money and the rules for handling them. Let's consider these questions in more detail in simple words.

What is a cryptocurrency
This is, first of all, one of the varieties of electronic money that circulates on the network. Its most famous representative is bitcoin, the creator of which called it “electronic cash” in his publication.

The term "cryptocurrency" itself has become widely known since 2011, thanks to the publication of an article about bitcoin in Forbes magazine. It was used due to the use of cryptographic methods of encoding information in the bitcoin electronic money system. The word “crypto” itself comes from the Greek language and means “hidden” or “secret”. Therefore, the science of information encoding systems is called cryptography.

How to invest in cryptocurrency correctly?
Attractive returns (over 1100% in the last 3 years alone) driven by the meteoric rise of bitcoin have generated a lot of interest in the crypto industry. As with traditional securities such as stocks, it is imperative that every investor does their due diligence before making an investment. If you are considering investing in a utility token, you should consider the underlying services that add value to the token, just like a company.

You should familiarize yourself with blockchain consulting agency consulting services in more detail and you will not regret it and you can earn big money without effort