CRYPTOCURRENCY

CRYPTOCURRENCY EXPLAIN

we were discussing a while about different cryptocurrencies such as bitcoin lycan xrp ethereum and even bitcoin cash but we didn't even explore the concept of why do we need cryptocurrencies in this artcle we're going to share to you the importance of cryptocurrencies what is cryptocurrency why do cryptocurrencies exist and why are there so many alternatives  what is cryptocurrency cryptocurrency is a digital medium of exchange of money used via the internets the term crypto means concealed or secret it applies all cryptography requirements in order for Buy BitCoin & Crypto OFFERone to transfer value to another person the great news is that we don't need a third party such as banks or central authorities as such cryptocurrency is also described as a decentralized no center point of failure open source anyone can review the code and peer-to-peer network it uses encrypted software to maintain a secure and transparent network for transactions decentralization anonymity and especially low fees cryptocurrencies are sharing many attributes to precious metals many properties have actually been copied and cryptocurrencies are less susceptible to fifth bitcoin was leading the path and was launched in 29.

since the inception of bitcoin many of our coins have been launched and developed more than two years later after launch of bitcoin the first all coin was killed namecoin and the first crit based coin called lycan were released in 2011. since 2011 more and more coins have been added to a list as the community grows we will see a great rise of crypto users in the next decade robert kiyosaki once said money is not the goal money has no value the value comes from the dreams money helps achieve why do cryptocurrencies exist if we want to know why cryptocurrencies exist we need to understand first the motivation behind the inception and then future use one of the greatest reasons why cryptocurrencies are existing is related to a financial crisis of 28. a growing number of people are becoming very unhappy with the banking system and their partners the tipping point for many people by the government's bailouts of major banks it was regarded as viewed as very unethical as they rewarded the banking system for failure many instances of fraud occurred since this time benefits of cryptocurrencies cryptocurrencies are considered as useful medium of exchange via which value can be transferred anywhere in this world for a fraction of a cost of over conventional methods such as western union only a small fear is applied it is cheaper to send cryptocurrencies worldwide and you can send for less than a penny in fees thousands of dollars euros pounds or other fiat currencies they also eliminated the need for a trusted third parties such as a bank clearing house or other centralized authorities such as paypal all transactions of cryptocurrencies are from one to another person it is also called p2p transactions technically you can have the power and authority to sendBuy BitCoin & Crypto OFFER value across the decentralized network as an individual on top of that cryptocurrencies have the potential to engage about two-thirds of a world's populations did you know that only 17 percent of a current population has a bank account today

i'm sure you didn't know cryptocurrencies can really become valuable service to those who are willing to utilize cryptocurrency software on smartphones tablets or have access to a personal computer connected to internet bitcoin and all coins bitcoin and other cryptocurrencies seek to promote the worldwide use of a blockchain and fast transactions bitcoin and all coins encourage and engage people around the world to receive an alternative option to their current situation cryptocurrencies are transparent in the sense that for a particular one it is known how many coins have been generated in a specific amount of time and how many coins are going to be released in the future they have been designed to sustain their value over long periods of time this property makes them an ideal candidate to participate in an economy based on savings and investment for future prosperity why are there so many alternatives in this world it exists hundreds of alternative coins it is probably hard to choose but you should always do your own research before investing many of these coins are effectively copies of prior coins released you should try to identify strong projects great market cap and with a great team development bitcoin is not classed as an alternative coin because it was of course the first cryptocurrency created bitcoin shaped the way for all the coins to follow as for now bitcoin dominates the space of cryptocurrency in terms of the market cap capitalization the total value of all bitcoins in circulation it processes and it attracts most of media attention reasons why alternatives are existing some communities have focused on certain industries Buy BitCoin & Crypto OFFERcharities films and people in the marketing of a coin sometimes it is the name of a coin that determines or influences its underlying purpose audience founders create their coin as a viable competitor to bitcoin competition increases the quality of the crypto space a lot of alternative cryptocurrencies fails to gain traction and momentum within the space it has a lack of developers interest but future seems very bright for cryptocurrencies such as bitcoin or even alternatives as ethereum ethereum classic xrp lykan and many more that's it for today i hope you had a great time learning about cryptocurrencies if you

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