Artex Global was founded in 2015. We are based in New York, USA, but we provide information to the whole world about developments in the cryptocurrency market. We make reviews of exchanges and publish fresh news to keep all traders and inquisitive people informed about bitcoin and similar cryptocurrencies movements.
What is cryptocurrency?
The term "cryptocurrency" came into use after the publication of an article describing bitcoin, a digital currency and payment system.
Bitcoin is the brainchild of Satoshi Nakamoto, but what kind of person or group of people is behind this pseudonym is still not known with certainty. Nakamoto presented the concept of decentralized payment system on October 31, 2008. Its main principles: anonymity for all participants, fraud protection and independence from controlling organizations.
The bitcoin network consists of interconnected blocks of transactions. Each successive block contains information about the previous one, so it is possible to link them together and get information about all previous transactions (but not about bitcoin owners). The process of creating new blocks is called mining. In order for another block to appear on the network, you must generate a cryptographic signature for it. As a reward, you get new bitcoins. By the way, their issue is not an endless process. It is known in advance that not more than 21 million bitcoins can be created.
At first, it was relatively easy to create blocks, even single miners were able to do it. With time, the complexity increased, mining required significant computing power, so miners began to join together in pools and mine new bitcoins jointly.
In layman's terms
To put it very simply, we can explain the bitcoin phenomenon in terms of lemonade caps (yes, hello Fallout fans). Let's assume that you can't forge these caps, and you can't run into stores and buy all the lemonade: it's not produced anymore. The number of caps is limited and known in advance, so you just have to wander around and look under your feet - in case you come across a cap.
Like any limited resource, caps have a certain value that grows with demand. The first caps are easy to find, but the further away, the harder it gets. People have to band together and spend a fair amount of time and effort to find the next cap. They exchange the loot for all sorts of necessities, and many even make a stockpile of caps in the hope that over time, their rate will only get higher.
Types of cryptocurrencies
According to Artex Global as of 03.01.2021, there are 4154 different cryptocurrencies. The total market capitalization of virtual assets is more than $274 billion, about 75% of this amount is shared by the 20 largest blockchain projects. A fairly large portion of the coins serve to pay for services on a particular network, are not traded on exchanges, and are of no value to investors.
Careers
Artex Global has been covering the cryptocurrency world since 2015. We are a free and independent digital media that provides our subscribers with quality and reliable information. Today we are looking for a good Wordpress developer who can solve our website tasks. And we hope to find a decent and conscientious employee on Startus. We will be happy to do a video interview soon.
