A cryptocurrency is a digital form of money that is a more secure medium of exchange.

The big idea is that because transactions are public, irreversible, mostly unhackable, and controlled by the people, users and their digital finances are more protected.

Cryptocurrencies don’t have a central issuing or regulating authority, instead of using a decentralized system to record transactions and issue new units.

Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.

Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.

Cryptocurrency Is Owned by Everyone

Cryptocurrency functions similarly to any traditional, national currency with a few fundamental differences.

Current “fiat currency” is created and regulated by a governmental body, all of which now represent debt. Anyone that owns a country’s currency holds an “IOU” issued by that respective country.

Cryptocurrency Is Almost Impossible to Forge

Cryptocurrency operates on a blockchain, which is the distributed ledger we talked about above. Understanding blockchain technology will help you not only understand what cryptocurrency is all about and why this is the key to the power of digital currency.

Are Elon’s tweets solely responsible for the crypto volatility?

Elon has the power to move the crypto markets with his tweets.  He is the ultimate influencer of the cryptocurrency market due to a huge following of his cryptic tweets on Bitcoins, Dogecoins, or even CumRocket. The investors experience a sudden rise or drop in prices immediately after his viral tweets. It is heard that Elon Musk controls the cryptocurrency market as well as the digital wallets of interested investors.

Happy reading!

Penned By: Rtr. Kavinda Senarathne

We all know about IQ. It helps us to take effective decisions in most of the situations. As you all know our logical thinking helps us in problem-solving. But only logical thinking is important for problem-solving?

The answer is “No”. Emotions are also needed. For example, think that you are in a situation where you need to help two people at the same time. One is a stranger and the other one is your best friend. Whom do you choose first? As we all do priority goes to your friend. That is because of your love for him or her. That is the power of emotions. So, problem-solving depends on both your logical thinking as well as emotional intelligence.

What is Emotional Intelligence?

It is the ability to identify and manage emotions. It consists of three skills. emotional awareness; the ability to harness emotions and apply them to tasks like thinking and problem solving; and the ability to manage emotions, which includes regulating your own emotions and cheering up or calming down other people. The amygdala in the brain is responsible for emotions.

What is Amygdala?

It is an almond-shaped set of neurons located deep in the brain’s medial temporal lobe. It is responsible for the response and memory of emotions.

The EQ level of a person indicates his / her ability to understand other’s emotions, take effective decisions and keep a good social life. The EQ level can be controlled by reducing negative attitudes and gaining positive attitudes. You need to control your temper before taking any decisions. Even I cannot do that in some situations. But you need to reduce it for a better solution. Be with people who raise your positive mindset. It develops your self-motivation too.