Cryptocurrency .....

Cryptocurrencyis a type of digital asset which is a medium of exchange in different types of transaction using cryptography. This medium of exchange also helps in controlling the creation of additional currency units . Though there has been a lot of talk and press release about cryptocurrency not many people and businesses are aware of this concept.

It is important that more and more people aware of the impact of cryptocurrency and its uses.

Bitcoin ...

Bitcoin is an electronic coin,was the first cryptocurrency,which was introduced in year 2009. Several different cryptocurrency have sprung up and are making round in the market.

Bitcoin is a part of decentralized and distributed digital cash sysytem ,which is measured using the digital ledges known as the blockchain transaction database .

How does cryptocurrency work ?

Cryptocurrency is a highly encrypted decentralized digital exchange ,which uses cryptography and serves as a medium of exchange ,the transaction of which are recorded in digital ledger called blockchain .

This process of tracking cryptocurrency transaction in blockchain is known as mining .

Bitcoin is a completely self contained form of digital currency which make transactions.

Bitcoin can be traded from one person's wallet to another,which is stored on mobile, computer or somewhere in clond.

Popular cryptocurrencies used around the world

Cryptocurrency were created to enable easy transfer of money by eliminating geographical boundaries . Cryptocurrencies are being used around the globe .

Future of cryptocurrency.

Future of bitcoin are summarized as .

#With its increasing popularity,bitcoin users predict that by 2024,almost 94% of different types of bitcoin will be released .

#A forecast by jeremy Liew,snapchats first investor ,estimates bitcoin to hit a staggering $500,000 by 2030.

Cryptocurrency is only in its initial stages ,so it is too soon to assume whether cryptocurrency will be the future of money or what will be the impact of bitcoin in the coming year .

Bitcoin ..

It is very accessible and versatile currency. Since it only only takes a few minutes to transfer bitcoin to another user ,it can be used too purchase good and service from ever -growing list of places accepting it.

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