Crypto what? The universe of cryptocurrencies
Learn more about the crypto world, which since 2008 has revolutionized the global economy
Cryptocurrency is the generic name for decentralized digital currencies created in a blockchain network from advanced encryption systems that protect transactions, their information and the data of those who transact.
In this article, we will give an overview of who they are, how they came about and what their role is in the global economy.
What are cryptocurrencies?
Cryptocurrencies are digital currencies because, unlike the real, dollar and other touchable currencies, they only exist on the internet. That is, you know they are true, but you cannot physically touch them.
Thus, a cryptocurrency is a digital asset with no connection to any central government or traditional banking institution.
Its price varies according to market fluctuations, not linked to traditional fiat currencies (such as the dollar, euro, real, pound). In addition, its security and validation system is blockchain, a decentralized information security technology.
The 2008 Crisis and the Universe of Cryptocurrencies
2008, the year of the strongest international financial crisis since 1929, was also marked by another factor: the emergence of Bitcoin, the first international cryptocurrency.
This fact is no coincidence: the 2008 crisis put the banking system in check, having as one of the main milestones the bankruptcy decree of Lehman Brothers, one of the most traditional banks in the United States.
At that time, society felt the harm of having an extremely concentrated banking system. Then came the idea of not only having a new bank to compete with the traditional ones, but also a new financial system, which would function in an independent and decentralized way.
It was at this moment Bitcoin appeared, the first cryptocurrency in the world.
Bitcoin: The beginning
Bitcoin’s “cornerstone” is the article “Bitcoin: A Peer-to-Peer Electronic Cash System”, written under the pseudonym Satoshi Nakamoto in 2008, just weeks after Lehman Brothers went bankrupt.
To read the full article, click here.
The article summarizes the purpose of creating Bitcoin as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution”.
While some people attribute financial security to a bank’s capital concentration, Bitcoin bases it on the blockchain system, a highly secure and decentralized security system that has allowed for the creation of thousands of other cryptoassets since then.
Read more about blockchain technology here.
The emerge of other cryptoassets
With the success of Bitcoin, the universe of cryptoactives expanded and today even central governments are studying the launch of digital currencies.
While the advantage of bitcoin is that it is decentralized and not linked to any fiat currency (such as the dollar, euro, real, pound), these new currencies would have traditional national currencies behind them (such as the ones we exemplified above).
Another consequence of the success of the cryptocurrency universe is the tokenization of the economy, that is, the transformation of goods into digital assets. Among these tokenized assets, there are several types such as:
- Coin tokens — digital coins;
- Security tokens — security assets such as shares, dividend distribution or equity;
- Utility tokens — assets linked to a particular company’s products or services.
Within the digital asset market, Moss was a pioneer in being responsible for tokenizing the carbon credit, creating the MCO2 Token, the world’s first green digital asset, also known as Green Bitcoin.
By purchasing a unit of our utility token (MCO2), you will be removing a ton of carbon dioxide from the atmosphere.
The tokenization process democratizes economic transactions by making them accessible to more people faster. Like Bitcoin, when your money is turned into an encrypted token, it can be traded in an open and secure environment using blockchain technology.
How can I buy a cryptocurrency or a cryptoasset?
To acquire cryptoassets or cryptocurrencies, we recommend that you look for an exchange. Our MCO2 Token is listed the largest exchanges in the world: NovaDAX, Gemini, Mercado Bitcoin, ProBit, FlowBTC, Uniswap e Idex.
However, to purchase your MCO2 Token, you can also directly access our website:
Contact us. With Moss, it’s easier to make your day-to-day choices more and more sustainable.
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