Greetings readers...😊 I hope you all are fine. In my today's article I'm gonna discuss about the cryptocurrency.
Cryptocurrency is a medium of exchange, that is decentralized, encrypted and it is digital too. Unlike the U.S. dollar or Euro, there is no other authority that manages and deals with the value of cryptocurrency. The tasks are broadly distributed among the cryptocurrency's users via the Internet.
Now we are going to talk about the most common types of cryptocurrency.
The Most Common Types of Cryptocurrency
Bitcoin. Possibly the “Kleenex” or “Coca Cola” of all crypto, in that its name is the most recognizable and the most closely associated with the cryptocurrency system. ...
Bitcoin Cash. ...
Litecoin. ...
Ethereum. ...
Ripple. ...
Stellar. ...
NEO. ...
Cardano.
Cryptocurrency in simple words:
A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography (the science of hiding information). ... Cryptocurrencies use 'decentralized control', which means that they aren't controlled by one person or government.
Some people asks that is cryptocurrency safe for any investment?.....then there are some argues for that.
Investments are always risky, but some experts say cryptocurrency is one of the riskier investment choices out there, according to Consumer Reports. However, digital currencies are also some of the hottest commodities. ... If you're planning to invest in cryptocurrencies, the tips which i would share can help you make educated choices.
I would tell you about the investment in cryptocurrency in my next article. Good bye for now readers. Have a blessed day.😊😉