What is Bitsquad?
BitSquad is one of the largest channels, with more than 45 thousand enthusiasts.
BitSquad goal is to educate & inform the public on Bitcoin & cryptocurrency.
Let's start from cryptocurrency:
Cryptocurrency is a type of payment that can be used as an online exchange for services and goods.
More and more companies issuing their own currencies often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade or casino tokens.
You’ll need to exchange real currency for the cryptocurrency to access the good or service.
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across computers on the internet that manages and records transactions.
Part of the appeal of this technology is its security.
What about blockchain security and privacy?
It may be complicated to achieve both security and privacy in a conventional information system, blockchain can do so by enabling confidentiality through “public key infrastructure” that protects against malicious attempts to alter data, and by maintaining the size of a ledger.
The larger and more distributed the network, the more secure it is believed to be.
Do you need to use cryptocurrency by yourself?
It is definitely up to you!
Nowadays, the crypto market is growing very fast, you can use it as a place where you get services and products in exchange for your cryptocurrency, or you can use it as a stock market but with virtual currency.
As an example, you can take a look at Bitcoin:
In 2010 1 Bitcoin was worth only $0,05, and in 2021 it grew up to $60000; that’s a pretty decent rise for such a period, and it’s not ended yet.
You may take a closer look at our Deals, where you can register on different crypto marketplaces to try the crypto-world by yourself!