Crypto what? The universe of cryptocurrencies
Learn more about the crypto world, which since 2008 has revolutionized the global economy
WHAT IS A CRYPTOCURRENCY?
It is a digital asset, with no connection to any central government or traditional banking institution. Its price varies according to market conditions not linked to traditional fiat currencies (such as dollar, real, euro, pound). s security and validation system is based on blockchain technology, a decentralized information security system (read more about blockchain technology here).
THE 2008 CRISIS AND THE UNIVERSE OF CRYPTOCURRENCIES
2008, the year of the worst international financial crisis since 1929, was also marked by another phenomenon: the emergence of Bitcoin, the first international cryptocurrency. This is no coincidence, since the 2008 crisis seriously challenged the banking system following Lehman Brothers’ declaration of bankruptcy.At a time when society felt the consequences of having an extremely concentrated banking system, the idea arose of not only having a new bank that would compete with the traditional ones, but also a new financial system that would function independently and be decentralized. It was at this moment Bitcoin appeared, the first cryptocurrency in the world.
BITCOIN: THE BEGINNING
Bitcoin’s arrival was heralded by the article “Bitcoin: A Peer-to-Peer Electronic Cash System,” written under the pseudonym Satoshi Nakamoto just weeks after the bankruptcy of Lehman Brothers. 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”. You can read the full article in English by clicking here.
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.
THE EMERGENCE OF OTHER CRYPTOASSET
With the success of Bitcoin, the universe of cryptoassets expanded and today even national 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, these new currencies would have traditional national currencies behind them.
Another consequence of the success of the cryptocurrency universe is the tokenization of the economy, that is, the transformation of commodities into digital assets. Among these tokenized assets, there are several types such as: coin tokens, which are digital currencies; security tokens, which are assets with a security value such as shares, distribution of dividends or equity interests; and utility tokens that are assets linked to a specific company’s products or services.
Within the digital asset market, MOSS was responsible for tokenizing carbon credit, creating 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 on two of the largest in the world: the South Korean ProBit and the Brazilian Mercado Bitcoin, the largest platform for cryptocurrencies and digital assets in Latin America.
However, to purchase your MCO2 Token, you must go to the MOSS website directly. If you want to know more about our carbon credit token, just click here; to buy your credits, click here and start being part of the largest environmental platform in the world.
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