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Crypto Transactions



Initially people enquire as to whether crypto is a buyer or seller's market and the simple answer is it's both. It is very speculative and that fact can seem daunting to the uninitiated. A digital currency usually exists electronically. There is usually no physical coin or bill and cryptocurrency is generally exchanged with another person online via your phone or computer. It simply isn't necessary to use an intermediary like a bank.


Crypto Protection



There are also some drawbacks with cryptocurrencies. If you are looking for legal protection in your transactions then the're possibly not ideal for you. There is usually some kind of legal redress if there are problems with a purchase with credit or debit cards ut unfortunately that isn't usually the case with cryptocurrencies. Payments with cryptos aren't reversible unless the recipient agrees to send the payment back so it is advisable to do some research work before a transaction, for example their contact details, location, transaction history.

Blockchain



Many cryptocurrencies record transactions on a public ledger called a "Blockchain" which is a list of every transaction, including amount and wallet addressess of both parties to the transaction. The Wallet address is a long string of digital numbers linked to your digital wallet and can be used to identify prople linked to a specific transaction.

Ethereum



It's a buyer and seller's market, and a crypto is extremely speculative. So there's not as many fundamentals as a company or a startup. Now, with Ethereum, they added a programmable layer, a logic layer on top. And the logic layer actually is totally incomplete. Meaning you could write a full own computer application if you wanted to, but it's actually not very robust in terms of scale. I can't write Facebook on top of Ethereum without running into some problems with slow transfers and stuff.

Future of Crypto


So what happened there is people thought about it. They said, "Okay, now I can write code on top of a blockchain." And the first use case that really caught on fire was creating other coins. So on top of Ethereum, you have your main protocol layer, that's the fee. You need Ethereum to make transactions, but then people started creating other coins on top. And then these coins represented other startups. And pretty soon, all of these other mini startups started popping out of nowhere saying, "Hey, buy our coins. In the future, we'll offer some great service, whether it's music, whether it's NFTs, whether it's ticketing, or real estate. Doesn't matter. In the future, we promise it's going to be some crazy, awesome service.




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