Which ledger model is recommended for beginners in the cryptocurrency world?

3 answers

• Dec 26, 2021 · 3 years ago
  For beginners in the cryptocurrency world, a recommended ledger model is the public blockchain ledger. This model offers transparency, security, and decentralization, which are key features of cryptocurrencies. However, it may require some technical knowledge to understand and use effectively. It is important to research and choose a reliable blockchain platform to ensure the safety of your transactions and assets.
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• Dec 26, 2021 · 3 years ago
  As a beginner, you might also consider starting with a permissioned blockchain ledger. This model provides more control and privacy compared to public blockchains. However, it sacrifices some of the decentralization and transparency aspects. Permissioned blockchains are often used in enterprise settings and can be a good choice if you are looking for a more regulated and controlled environment.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends beginners to start with a public blockchain ledger. This model offers a wide range of cryptocurrencies to choose from and provides a transparent and secure platform for trading. It is important to do your own research and understand the risks involved in cryptocurrency trading before getting started.
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