CryptocurrencyBusiness

What is cryptocurrency? Is there any future of cryptocurrency?

Cryptocurrency is the digital currency or simply digital cash which has not any physical presence in the world.

Highlights

  • What is Crypto Currency?
  • Popular Crypto Currencies?
  • How Crypto Works?

What is cryptocurrency?

Cryptocurrency is a digital currency or digital cash. Cryptocurrency is available in a digital form not in physical form but work as much as a physical currency(e.g. Dollar, rupee, etc.) does.

Over the years Crypto-currency becomes very popular among peoples, many people invest in Crypto to maker profits. Crypto-currency opposes the central banking systems, uses decentralized control.

Cryptocurrency, bitcoin, digital currency

Also read – Will Smartphones Prices Increase After Budget 2021?

Starting of the cryptocurrency

First-ever Crypto was introduced in the year 2009 name Bitcoin by Satoshi Nakamoto. Since then it is one of the most famous crypto currencies in the world. Bitcoin in today date is the most expensive crypto currency in the world and accepted for trading all over the world.

The Crypto Research Report has predicted bitcoin will be worth $397,000 in 2030, currently, it is around $45,000 which is a very huge growth in bitcoin.

Popular Cryptocurrency other than bitcoin

  • Ethereum.
  • Ripple XRP
  • Dogecoin
  • Litecoin
  • NEO

How does Crypto-currency work?

Crypto-currency transactions are sent using software called crypto currency wallets. The person who creates the transaction uses the wallet to transfer balances from one public address to another. Each transaction leads back to a unique set of keystrokes, and whoever owns that passcode owns the amount of crypto currency associated with it.

All transactions and balances are recorded on a digital public ledger called a blockchain.

Arpit Singh

Arpit Singh is an Electronics and Telecommunication Engineer and he is a content writer and editor in AskusTech.

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