Before we discuss Cryptocurrency need, we should understand first about what is Cryptocurrency?

What is Cryptocurrency and how came into existence?

Bygone human is buying and selling,trade is practice from ancient time. In old time people use the method of exchanging of goods .

But with passage of time human make progress and trade started with gold.But still have big problem to carry gold with yourself , its security problem and transport problem lead to another invention that is so-called paper currency.

After world war ll United State of america (USA) government decided to take all gold from citizens and in return they gaved paper currency notes to all citizens.

World human make more progress and he able enough to do breakfast at one corner of the world and lunch another corner of the world. But still paper currency was a hectic to carry with it. Also had security and safety problem.

Online trade started and people started using debit cards and ATM cards. But still was problem of hacking of debit and ATM cards.

Human thought that should be more safer system for online trading ,so finally in 2009 first digital currency came into existence. Cryptocurrency first discovered by Satoshi Nakamoto.

In reality Cryptocurrency is virual currency or digital currency.Now a days more than 4000 cryptocurrencies exist in this world. Companies launching new cryptocurrencies each single day.

How it is work? And how to controlled?

Cryptocurrency is a basically a digital code.Compelete job done by computer software.Transfer by mining . Computer have 27 to 64 digit to find a solution of a problem . When each problem is solved and one bitcoin formed.

Now a days in digital market have 4000 cryptocurrencies e.g BTC,BCH, Ethereum,XRP, Dogecoins etc.

Each Cryptocurrency have different values in market also have different rates , which currency have less in Market and more market capitalization would have more price.

Where and who is using cryptocurrencies now a days?

According a report japan trade through cryptocurrencies in one year is 50 millions dollars .

So value of cryptocurrencies reached 500 billion dollars.

Now a days big companies started trust and accepted it and using it. That why Cryptocurrency becoming popular day by day.These are campanies who accepted Cryptocurrency as online currency e.g dish network,over stock, microsoft, subway and all shopify sites .

Big markets and stores decided to set-up Cryptocurrency machine, where they can charge money through Cryptocurrency.

If you can use cryptocurrencies from buying of care to house.

Experts said that say Cryptocurrency is progressing so it can replace the gold in future.

Against rewives about cryptocurrencies.

As millions of people are in favor of cryptocurrencies and wanna see cryptocurrencies in future in the place of paper currency.

As same most of people are against cryptocurrencies, they think that Cryptocurrencies are vitural currency and can cause dangerous even death said by Bill gates giving interview to reddit platform.

No government involvement

Actually in Cryptocurrencies is out of government assets and control so every government have different policies about money exchange and its movement. So every government want taxes from each transaction or exchange. So this cryptocurrencies are out of government hand so that's why they consider it illegal and not accept it.

Banking system

Banks are doing business by citizens money.eg state banks, international banks .if cryptocurrencies system come ,so their business in risk ,so they are against cryptocurrencies.

Where pakistan standing in the favor of cryptocurrencies?

In pakistan according to the act of 1947 cryptocurrencies are illegal to send outside from Pakistan.

But now a days Sindh high court declared thay ,use of cryptocurrencies in pakistan is not illegal but send outside is illegal.

In pakistani province khybar paktukhan (kpk).Hydro minner are planted by the allow of kpk government and they are only model to show pakistani government to lunch cryptocurrencies in pakistan.

I hope soon it would launched in pakistan because most of people in favor of cryptocurrencies in pakistan. They think that we should do something in Cryptocurrencies otherwise we would be back step.

Benefits of Cryptocurrency.

No money laundering:All Cryptocurrencies step-up is online and every government have record of each transaction so no chance of money laundering .

No curruption: Government have all records where we sent money and which purpose and they taxed. So no one can do curruption .

No terror financing:Most og people think that Cryptocurrencies can be cause of terror financing etc. But in reality it is very important tool to capture terror financers and government have record of them.

No banking hectic: Everyone has right to send it money from one person to other so no need of banking signature or process.Easily can send anywhere in the world in just few seconds.

Less time consuming:We are able to send money within no time and in any corner of the world. So take very less time.

Safety and security: Those who have account and working with cryptocurrencies have own password so untill you can't tell password to anyone,untill no one can take your money or steal.

Conclusion:

I think we have chance to shine and we should not miss it . We should think about our future and make it more productive. Cryptocurrencies are very viable and vertsile with full security and easy way. Soon world would trading with cryptocurrencies.

And if you want to make investment in Cryptocurrencies i wrote a article one day ago so go and check it . I explained everything very well that how cryptocurrencies value ups and down and best time for investment in certain Cryptocurrency.

https://read.cash/@Aasi/how-cryptocurrencies-values-are-decide-in-market-6ef68c80

Thanks for your time and if have any questions than you can ask in comment section . Waiting for your valueable comments.