Cryptocurrency: Beginners Guide to Digital Currencies
Along with the carnival of the stock market, cryptocurrency is also seeing an uptick among investors.
Cryptocurrency is a digital or virtual currency and it uses digital files as money.
Cryptocurrencies are based on a technology called blockchain and exist as a distributed decentralized ledger.
The virtual currency is secured by cryptography which makes it invulnerable. So it is the digital currency you purchase with real currency.
After the introduction of Bitcoin in the mainstream many, more people mimicked his idea of the first blockchain database. Several cryptocurrencies have come out on top and are dominating the market.
Why is cryptocurrency gaining so much popularity?
Citizens have lost faith in Central Banks in times of crisis. Over the years many banks have been ruined, bankrupted, or caught in a scam which the public has to bear every time.
Earlier if you look at the evolution of money, people used to transact with gold, and then people switched to paper currency and now cryptocurrency is the future cash of the Earth.
Before entering and investing in Crypto, Read the full detail about Crypto, Click Below