Cryptocurrency Trading

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A cryptocurrency is a digital coin, designed to be transferred between people in virtual transactions. Crypto currency exist only as data and not as physical objects; you cannot actually hold a Bitcoin in your hand or keep Ethereum in your safe. Owning a Bitcoin means you have the collective agreement of each and every computer on the Bitcoin network that it is currently owned by you and – more importantly – that it was legitimately created by a miner. Xjet Project is an industry-leading broker with some of the best crypto trading conditions available, including the lowest crypto spreads on the market.

Blockchain – The Technology Behind Crypto currency

Unlike traditional transactions, cryptocurrency transfers are not handled by banks or other financial institutions. Every time someone pays via e-coin, his payment is recorded on a digital ledger called the blockchain.

What is Blockchain?

A list of transaction records, called blocks, which are linked to each other and encrypted. The blockchain is continuously growing and is completely open to anyone. Each block in the blockchain contains:

• The details of the sender, receiver and amount of e-coins.
• A hash, which serves as a unique fingerprint.
• A hash of the previous block in the chain.

When a new block is created, it is sent to all the users in the network. Each user then verifies the block and it is added to the blockchain.