By: Pedro Ângelo Teles and Felipe Araújo (Grade 4)

Cryptocurrencies are the new way to save your money without any government control. They started with Bitcoin in 2009, when $1 was equal to 1310 bitcoins. Nowadays, those same 1310 are worth 49.5 million dollars, and besides Bitcoin, now we have more than 14000 other cryptocurrencies, including Ethereum, Solana and Ripple.

All those currencies use the blockchain technology to protect all the information during the transaction. No governments can control your crypto wallet, and the only reason why more people don’t use cryptos on a regular basis yet is because they are too volatile.

One of the features that the cryptos have is that they can be bought in pieces, that is to say, you don’t need to buy a full one. This is good because some of them are really expensive. Bitcoin cost $38k and Ethereum $2k, for example.

All the cryptos have to be mined before being added to the blockchain, and when they are fully mined the computer, which did the hard work, receives a piece, and a lot of people work in this mining process, that is responsible for creating new cryptos.

In the future, cryptocurrencies will be a new way to both make and save money, but we still don’t know how much this will change the world.

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