The acquisition of cryptocurrencies can be accomplished in several ways, is always to mine or maybe more simple are ordered at exchange houses or exchangers. Once you enter this virtual market and have your first cryptocurrency you can make transactions that you want through the blockchain, that’s discussed later.
Cryptocurrency transactions have several elements that are essential to know when entering this reality. On the list of elements to think about is to recognize how the blockchain works which is that it is based on a digital platform that enables financial transactions such as sending money determined by virtual currencies or cryptocurrencies.
Just how the money is shipped to carry out the transaction is via a block, that is transmitted for the network points which might be connected, they have the responsibility to ensure and give approval of the transaction once validated. Currently, the block becomes section of the chain, leaving an eye on the transactions in a transparent manner creating the money sent reaching its destination.
There are different types of cryptocurrencies within this virtual market, right now we will discuss the one provided by Electrum. It is a cryptocurrency called Pivx Electrum, which, such as the rest of the procedures, merits the creation of an Electro Pivx Wallet or mobile wallet to deposit the funds.
It also allows you to manage the addresses you have in your mobile wallet, without generating any kind of concern, since when switching to Pivx Electrum; it is recommended that you send the PIVX you have to the new Electrum Pivx mobile wallet.
When using Electrum PIVX includes a very important advantage, which is to place your funds offline helping you to manage them safely offline, this is called cold storage. Regarding accessibility, in the event you consider it necessary, you can export your codes and personal keys to other PIVX clients without any type of limitation.