Cryptoworld terms that you should know...

We already mentioned that it is a cryptocurrency and that it is Blockchain, now we are going to explain other common terms in the world of virtual currencies with which you should be familiar:

Finetech: Financial Technology. "These are companies that offer financial services based on new technologies, among other things they are the creators of online banking, investment advice, digital wallets, exchange platforms, etc.

Token: It is a unit of value created to direct a business model, a token goes beyond the same cryptocurrency because it allows other actions within the same blockchain record that are determined by its creators. For example, within a token can be represented: more than one cryptocurrency, certifications to provide services, an action, a property.

"all cryptocurrency is a token but not every token is cryptocurrency"

Cryptocurrency = cryptocurrency. Like there are Mexican, Colombian, Argentine pesos; dollars, euros, etc ... in the world of cryptocurrencies there are more than 700 different currencies. (For more details read: The cryptocurrencies circulating in 2018 in the market, OJO do not link yet is the next topic to develop)

Mining: implied is a way to earn digital money online by solving riddles launched by a Blockchain. You can expand more information on HOW TO MINATE CRIPTOMONEDAS?

Digital wallets or wallets: They come to replace the leather wallets that you carry in your pants or purse, in a matter of virtual money, but they have the same function, they keep your money and they tell you what your capital is. To these basic functions are added the exponential possibilities of technology that also increase the safety of use.

Exchanges: They are digital platforms that allow you to exchange currencies between your local currency and a cryptocurrency and even between cryptocurrencies.

Protocols: These are systems of rules that are created so that two computers communicate with each other for the transfer of data without the need for an intermediary server.

ICO: An instrument that serves to finance the development of protocols, comes from the acronym in English, Initial Coin Offering (Initial Offer of Currency) in English) to finance the development of new protocols.

ÐApp: With applications as unlimited as the Apps we know today with the difference that the DApp (pronounced Dee-app) are "decentralized applications", that is to say, that the information that is communicated in them passes from person to person without intermediaries of others servers like Facebook, Whatsapp, Netflix, etc.

Finally, we leave you a page that uploads several times a day updated and very interesting information of the crypto-tone: Cryptotendence

In the next article, we will enter fully into the different currencies, tokens, the ABC to open your wallet and some tips to invest. Do not forget to subscribe to the blog and follow us on social networks.