One of the most significant revolutionary impact over the last two decades are Innovation of "Cryptocurrencies", as many experts have predicted, Cryptocurrencies are the future of Financial Transactions which will impact Financial Industry a lot.
Cryptocurrencies also called as virtual currencies are derived from their use of crytography concept. Cryptocurrencies are decentralized digital currencies which is encrypted to generate money as digital media of exchange and make secured transactions through complex mathematics & not by people.
There is no physical form to cryptocurrencies but available only in Internet (Digital), so it is intangible in nature to touch, feel. Unlike any other physical currencies available in this world say US Dollar (USD), Great British Pound (GBP), Cryptocurrencies are not backed by any government or central banks but backed by their respective secured networks.
Bitcoin (BTC) is the first and most popular cryptocurrency created for use from 2009. All Cryptocurrencies other than Bitcoin (BTC) are usually referred as "Altcoins".
Though there are more than 900 Altcoin Cryptocurrencies are available over the internet as of Aug 2017, the most popular Altcoin cryptocurrencies are
Cryptocurrencies also called as virtual currencies are derived from their use of crytography concept. Cryptocurrencies are decentralized digital currencies which is encrypted to generate money as digital media of exchange and make secured transactions through complex mathematics & not by people.
There is no physical form to cryptocurrencies but available only in Internet (Digital), so it is intangible in nature to touch, feel. Unlike any other physical currencies available in this world say US Dollar (USD), Great British Pound (GBP), Cryptocurrencies are not backed by any government or central banks but backed by their respective secured networks.
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| What are Cryptocurrencies | Explain about Cryptocurrency |
Bitcoin (BTC) is the first and most popular cryptocurrency created for use from 2009. All Cryptocurrencies other than Bitcoin (BTC) are usually referred as "Altcoins".
Though there are more than 900 Altcoin Cryptocurrencies are available over the internet as of Aug 2017, the most popular Altcoin cryptocurrencies are
1) Litecoins (LTC),
2) Ethereum (ETH),
3) Ripple (XRP),
4) Cardano (ADA),
5) Solana (SOL)
6) Dogecoin (DOGE)
7) Tron (TRX)
8) Bitcoin Cash (BCH) etc.,
Cryptocurrencies are sometimes commonly referred as Crypto Currency, Digital Currency, Virtual Currency, Alt Coin.
Hope you might have grasped by now What are Cryptocurrencies , Let us discuss & learn more about cryptocurrencies in coming blog posts– how it works, benefits of cryptocurrencies, List of Cryptocurrencies, What is Bitcoin, Bitcoin Exchange, Where to buy and sell cryptocurrencies, Cryptocurrency faucets, Future of Cryptocurrencies and more….
Stay Tuned for more knowledge on Cryptocurrencies……
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