MultiversX Tracker is Live!

Lets be honest, most of us don't really understand how cryptocurrency works. And barely any of us know "exactly" how it functions.

All Cryptocurrencies

by COINS NEWS 225 Views

These past months I've been researching how blockchains work and every day I learn something new and realize more how little I know how everything really works.

I mean sure, most of us know the basics:

  • BTC is a store of value
  • ETH has a shit ton of use cases and a massive ecosystem
  • DeFi is the future
  • Putting money in crypto long term is better than let my money rot away in a savings account
  • Staking is good long term

But how many of us really know the IT side of how the blockchain works.

I bet lots of us have questions like:

¿Why am I earning APY for staking? ¿How the fuck does a validator node validate? ¿How is a block created? ¿Why are blockchains so secure and hard to hack? ¿How do you REALLY know something is decentralized?

I'll be honest, I don't fully understand any of these concepts.

Many of these things I don't know because of lack of research and I ain't the brightest fella of the block.

TL;DR : Am I the only one that finds how blockchains truly work hard to understand? Or am I not alone?

submitted by /u/jasomniax
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments