Mike 2Bit Crypto
Cryptocurrency content creator and enthusiast
Mike better known as 2Bit Crypto is a UK based Cryptocurrency youtuber. Mike started out his journey in 2017 when Binance was an ICO and adoption was at a low.
Mike works hard to bring educational, Motivational and factual content through his youtube channel for you to enjoy.
Please take a look around the website and any questions please fill out the contact us form and we will get back to you
Welcome to the home of 2Bit Crypto
Welcome to the web page for 2bit Crypto. Have a look around and see what fantastic opportunities cryptocurrency has to offer. We talk all things Cryptocurrency, NFTs, New token launches and much much more.
I will go in to more detail my journey through cryptocurrency in the hope it can help you navigate this space.
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it
It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.
Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership.
Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinct asset class in practice.
Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens, or other such reward mechanism