Crypto are one of the well known currency in the modern world and pretty much people are getting engrossed into investing to it. Not only is it safe and easy to manage, it has many advantages such as being decentralized and that your privacy is secured tightly.
Cryptocurrency, which uses cryptography, is a digital money that can only be mined while also being counterfeited-proof.
Most cryptocurrency runs with a technology called blockchain, which makes it more secured and hides almost all of your personal information safe and sound.
Cryptocurrency which are currently known all over the world
Bitcoin, the first ever cryptocurrency and considered as the Father of all cryptocurrency, was made or created in 2009 as an open-source software. It is open to anyone and only the creator, Satoshi Nakamoto could decode it using a private key. It's large units is called Bitcoin while the small ones are Satoshi. Bitcoin was created to make transactions fast, reliable, trust and safe. It uses certain algorithm for transactions.
Bitcoin Cash or BCH is a considered as a fork of Bitcoin. It is an altcoin created in the year 2017.
Ethereum or ETH is another popular crypto which wa screated during the year 2015. It is also a decentralized blockchain just like Bitcoin .
Why cryptocurrency or digital money is considered as something for the future
~ Some cryptocurrency uses blockchain technology which ensures that it is decentralized and doesn't need rely on governments for transactions. It is a feature which made people interested and even invested. It greatly reduces the threat of being robbed via hacking. It can also prevent the price from being manipulated.
~ Cryptocurrency is pretty much based on popularity so its value will be more if it circulates although the other side is that it would either grow or reduce depending on the situation from time to time.
~ Fiat money is something that can be printed at anytime and pretty much has a large risk of inflation while cryptocurrency are controlled like Bitcoin which has almost 21 million of it is one of the reason why it is more valuable that the other crypto.
~ Cryptocurrency is really risky only if you don't know what you are doing. With proper knowledge and research one could easily know what to do when dealing with cryptocurrency. Another factor why crypto could be less risky is with the help of trusted apps or sites which basically give users easy to use features.
~ Cryptocurrency is also a type of business which you could start without even investing in anything. Sites like faucets such is coinpots give free cryptocurrency as long as you devote time to do it.
~ The privacy policy of cryptocurrency makes it suitable for trading. It simply makes transactions more safe and secures. Things like the crypto you own and how much of it are considered confidential which is only available for your eyes and yours eyes only that even governments are unaware of the amount of crypto you hold.
Cryptocurrency which started from Bitcoin(2009) to now have been accepted to many countries including USA, China, etc. It is only a matter of time that it will be the main currency of the world we live in.
