Artex Global

What is cryptocurrency and how does it work? Distinguishing features, circulation principle, pros and cons
Cryptocurrency is virtual money, which, unlike fiat money, has no physical expression. The unit of such currency is "coin", which means "coin" in English.

The digital currency is protected from counterfeiting and duplication, and its quantity and issue are strictly limited, for example, for the largest cryptocurrency Bitcoin (BTC) the maximum quantity is 21 million coins (which means that there will never be more than 21 million BTC created). A key feature of cryptocurrencies is decentralization - the absence of any internal or external administrator.

Therefore, banks, tax, judicial and government authorities cannot influence transactions of crypto-asset users. This is possible because all data with cryptocurrency wallets and transactions are stored in a blockchain.

Cryptocurrency transfers are irreversible - no one can undo, block, challenge, or force a transaction (without a private key). However, transaction participants can voluntarily temporarily mutually block their cryptocurrencies as collateral or establish that the consent of all (or arbitrary additional) parties is required to complete/cancel the transaction. Such options are available in smart contracts and depend on the specific blockchain.

How you can get cryptocurrency:

1. Buying cryptocurrency. The most affordable and easy way to purchase digital currency for dollars is to buy it on a cryptocurrency exchange. It is worth noting that on exchanges, the rate of cryptocurrencies is more profitable than in exchanges and cryptocurrency wallets. The most reliable platforms with the highest turnover, for 4 years in a row, the largest cryptocurrency exchange in the world is Binance.
2. Classic mining. Miners provide the hash rate of their ASICs, video cards and processors to obtain the cryptocurrency by using the computing power of the mining equipment. For several years now, this BTC mining option has been unprofitable for the average user, giving way to the more flexible and profitable cloud mining.
3. cloud mining. The most profitable way to get bitcoins in the medium and long term. Represents a lease of cloud mining service capacity in the form of a one-year contract. All of the cryptocurrency mined by this power goes to your account. On average, the income is from 130% to 200% per year, it all depends on the rate and the growth of the complexity of the network. Be careful, there are a lot of scams and pyramid sites among cloud mining services, you can only trust the time-tested platforms, there are not so many of them on the market.

We want to be useful

As you can see, there is a lot of information out there about the world of cryptocurrencies, and it is very difficult for beginners to figure it out. Artex Global makes it possible to get such information in simple language that is easy to understand. We hope that we will become even more popular with List.ly, and our information will be useful to many more people.

The company started in 2015, when a team from the US and Lithuania decided to turn their attention to the then young and not very widespread crypto-industry.