when you get to know about crypto , jumps directly to coins but besides the coins we need to understand two basic things which are Block chain & Crypto Currency.
What is block chain?
In Simple words Block Chain is a chain of blocks (chain of records). Each block contain some data & record. Like block will contain data about who is sending Bit coin Cash and who is receiving it.
Every block generated Hash (unique code) & every block contain the hash of previous block. So it become a chain of blocks. First Block is called Genesis Block so we have a history of blocks. Highly secure and nearly impossible to hack.
Here comes a question what is use of block chain?
It has many uses we can use it for payment methods as its very secure and transaction are done in seconds while there is no third party & no hurdle in international transactions and top of that very low transaction fee as compared to banks or other payment methods.
Beside the payment methods It can be used for keeping records in various sectors.
What is crypto currency?
It’s a digital assets (coins). Crypto Currency runs on Block Chains & generated through block chains. One of the crypto currency is Bit coin Cash
Which coin we should invest in??
Worth/value of a coin largely dependent on its supply and the market's demand for it along with on future & ongoing projects, total $ being invested in the each coin & circulating supply.
e.g: Bit coin Cash is also a Crypto currency it was created to allow more transactions in a single block as compared to Bit Coin. It has many wallets plus can be used for international transaction with almost free (low fee) & very secure.
right now the price of BCH (Bit Coin Cash) is $ 579 USD with Market Cap of $10,859,761,101 with circulating supply 18,761,768.75 BCH. It ranks number 11 at Coin Market Cap listing. So you can understand how big & successful project it is which has a very bright future.
Before investing even a single penny you should do a research about the specific coin & should have skills of Technical Analysis because it’s matter of your hard earned money.