What Is Cryptocurrency?
Cryptocurrency is known as the digital form of currency for the future; over the years, the technology of cryptocurrency is being developed for secure transactions in the future.
All you need to know about the currency of the future:
As the name suggests, “crypto” means concealed or secret. So the currency is built with cryptographic protocols, which loses the chances of fake money and provides more secure transactions. Moreover, the unique feature of this digital currency is that any central authority does not control it. Because of the decentralized nature, cryptocurrency saves itself from any government control or interference.
Let’s discuss the manifestation of the new economy:
The first and foremost important basic is the invention of cryptocurrency. Well, there is no specific birth year known of cryptocurrency, but in 2008 an unknown inventor named Satoshi Nakamoto came up with the most prominent and successful cryptocurrency to date the ‘bitcoin.’ The cryptocurrency was accidentally invented as a side product of Bitcoin. Over the ten years ‘bitcoin’ there are over 17.5 million bitcoins circulated possessing with the market value of $63 billion. The success of bitcoin generates several competing cryptocurrencies in the market. In 2019, there are thousands of cryptocurrencies with a cost of $120 billion. Factual data suggests bitcoin alone represents more than 50% of the total amount.
Benefits of Cryptocurrency:
Every cryptocurrency marketing agency provides many revolutionary benefits of cryptocurrency. But the most relevant benefits are the following:
Secure: Cryptocurrency funds are concealed with a secretive cryptography system that bar hackers to steal any transaction information. This makes the funds and transactions more protective of any fraud. The complex cryptography with big numbers makes it impossible to crack. Though big companies like Bitcoin provide more security than other altcoins.
Free from any authority: one of the unique advantages of cryptocurrency is its free from any government or authority control. You don’t have to have any permission or pass any criteria to use cryptocurrency.
Simplest process: Cryptocurrency is the uncomplicated form of money transfer, all you have to do is download a cryptocurrency software, buy some funds, and transfer it as you need. There are no gatekeepers; it is a complete permissionless independent process.
Fast and global: Cryptocurrency supports globalization; the process is quick and can be done anywhere. No matter you’re sending the money to your next door neighbor or someone on the other side of the world. The process and time remain the same for you as the whole system is connected to the global internet network.
Check out top 10 cryptocurrencies down below:
1. Litecoin (LTC)
2. Ethereum (ETH)
3. Zcash (ZEC)
4. Dash (DASH)
5. Ripple (XRP)
6. Monero (XMR)
7. Bitcoin Cash (BCH)
8. NEO (NEO)
9. Cardano (ADA)
10. EOS (EOS)
Cryptocurrency can be considered as digital gold; it’s just like a gold investment; the fund preserves the value of money and increases over time. The cryptocurrencies are fast and easy also opens the door for worldwide scope. Moreover, it keeps every transaction safe and secure from any outlawed activity. So what are you waiting for, invest in your crypto-funds from the top agency for cryptocurrency marketing.