Crypto News

What is Cryptocurrency?
Fully digital and encrypted currencies that can be used in barter transactions are generally called cryptocurrencies. The general opinion is that cryptocurrencies are the currency of the future.

How to Buy Cryptocurrency?
In order to buy cryptocurrency, you probably need to have a verified account on one of the domestic or foreign cryptocurrency exchanges. To buy cryptocurrency in Turkish Lira, you should use exchanges that allow deposits by wire transfer, EFT or alternative payment methods. You can then buy the cryptocurrency of your choice. Another thing you should pay attention to here is whether the cryptocurrency you want to buy is listed on that exchange. Some exchanges do not list every cryptocurrency due to their policies.

How is Cryptocurrency Produced?
The cryptocurrency production process is called mining. Cryptocurrency production is carried out through a distributed system. Each cryptocurrency has a production limit. Therefore, as the amount produced increases, the process of producing cryptocurrency becomes more difficult. The cryptocurrency production process is based on solving math problems. So if you have enough processing power (such as a CPU or GPU) and an internet connection, you can mine.

Which Coin or Altcoin to Buy?
There is no clear answer to this question. You should act according to your expectations here, but it is important to buy popular cryptocurrencies that have been alive for a long time, especially Bitcoin (BTC) and Ether (ETH).

What is Bitcoin?
Created in 2008 by Satoshi Nakamoto with the definition of “peer-to-peer electronic cash system” and launched in January 2009, Bitcoin is a cryptocurrency that is not governed by any authority like physical money. Bitcoin is the largest cryptocurrency by market capitalization today.

Is Bitcoin anonymous?
Bitcoin users have a unique address for their financial transactions. These addresses have a character length of 30 characters. It is very difficult to keep these addresses in mind if they are not registered. It is basically unknown who is behind the addresses.

It is impossible to find the owner of the addresses unless the person discloses them in any way. Using the same address over and over again while trading can reveal your identity. People who specialize in analytics can link the address to the person by looking at information such as transaction times and transaction amounts. If you want strong privacy and security, you should make sure that you use a new address for every transaction you make.

On the other hand, it is not possible to talk about Bitcoin’s anonymity today. Today, there are countless useful tools for monitoring the Bitcoin blockchain. It is known that Bitcoin transactions are tracked by many governments and companies. When the ongoing efforts to increase privacy in Bitcoin are finalized, we can talk about Bitcoin having a more anonymous structure. To follow the latest developments on privacy, you can check out the Bitcoin news section.