Why I Love Crypto??

From the last few years I have been reading the articles about crypto currency but I was not so much familiar about its use and its various pros and cons. But from the starting of 2018, I am very much influenced by it. It’s really changing the way of electronic transaction in the modern days. Nowadays there are many cryptocurrency and there are various functioning websites which allows user to convert the digital currency in to real money and transfer directly to bank account. Isn’t that cool?

So what is Cryptocurrency?

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Cryptocurrency is the digital asset which can be used as standard currency wherever it is legal and uses encrypted cryptography technology to secure its transactions, to control the creation of additional units and runs on blockchain technology. It is specially designed to work as a medium of exchange but nowadays its being used in various purposes like shopping online or money transactions. The first cryptocurrency is ‘Bitcoin’ which was developed by Satoshi Nakamoto in 3 January 2009.Since then numerous other cryptocurrency like Ethereum, Ripple, teem etc. have been created.

This is the list of top 20 Cryptocurrency in 2018.

What are its advantages?

The advantages of digital currency are uncountable. It’s beneficial for business owner as well as the buyers or it is useful for everyone. Some of the advantages are:

• Easy Access:
  Digital currency is accessible to all the investors globally whoever can make the online fund transfers. It’s a decentralized blockchain networks available for the general public and any one can make a use of it.
• Lower fees:
  There aren’t usually transaction fees for its exchanges as the miners are benefited by the network.
• Identity Theft:
  Digital coin uses a push mechanism. This means the user can send only the required information that he se wants to be sent to the receiver which will help the user to maintain their personal privacy and other secret information’s.
• No Boundaries:
  When we talk about the transaction using crypto then there are any limits. You can make transaction to any countries as its not under control of any central bank.

Personal Thoughts on Cryptocurrency :)

The history of cryptocurrency is only of 9 years. This means it is like a baby that needed to be grown more to accept by the people and administration globally. It’s very difficult to understand and people didn’t want to lose their money to something they did not lean about. Still many people are still unaware about the use of digital currency and only few organizations have started accepting it. Moreover, it not legal to use in many countries. But Overall crypto currency has many advantages and soon can be the major way of exchanging money worldwide.