What is exactly a cryptocurrency?
There was a time when people used to trade in barter system i.e, one good was used to trade with the other and it was not a easy task to estimate the value of goods, exchanging gold for cloths not a fair deal so to overcome the lack of medium of exchange money or currency was discovered but in first place the metallic value of the currency was more than its real value but with evolution in technology new and better ways were discovered and are being discovered till day to remove inefficiencies or the currency and so was cryptocurrency discovered and works on a technology called blockchain and is used as a form of payment for exchanging good and services online and are brought using real currency according to crypto news.
Blockchain is a technology which works across many computers and is used to record transactions, the main highlight of this decentralised technology is its security.
With so many changes in technology and new cryptocurrencies being found day after another and it is important to stay updated with the news about which currency is reaching new stakes and has the most value and which currency is the best for you to invest in and thecurrencyanyltics does the job for you and is one of the most trustworthy and is one of the most reputable online publications and the following topics are covered by crypto news:
*Digital currency news on Bitcoin and altcoins
*The latest ICO opportunities and developments
*Crypto industry regulations
There are many type of cryptocurrencies in the market and which you might want to know about:
Bitcoin was the first blockchain created by an individual or a group in 2008 and the value of this cryptocurrency has risen to a great extent. If someone had bought bitcoin worth $100USD in 2010 he would have $100million USD by now sounds interesting? But it is all about the risks you take.
Etherum is similar to bitcoin but works on its own blockchain technology and it uses extents beyond mining and it uses a program software which can be used to write for example writing contracts, Ether is more complex as compared to bitcoin. Many banks are tying up with cryptocurrencies or have started making their own cryptocurrency.