What Is Cryptocurrency?
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.
Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.
Cryptocurrency trading is generally traded in cryptocurrency transactions. Like Forex, you can buy and sell Bitcoin, Lightcoin. Apart from mining, you can get involved in the world of cryptocurrency through crypto trading.
Types of cryptocurrencies
Bitcoin started its journey in 2009, which is now the most popular cryptocurrency in the world. Bitcoin is managed in a completely decentralized manner through peer-to-peer technology without the supervision and management of any central bank or institution in the world. The main component is the blockchain, which is the digital ledger of all the transactions of its users.
Like Bitcoin, Lightcoin was created in 2011, but its transactions are faster. It has many more benefits including segregated witnesses and lightning networks which are making it more popular day by day.
Although Etherium was launched in 2013, it has surpassed Lightcoin in popularity. Currently, after Bitcoin, Ethereum is the most used cryptocurrency. Ethereum transactions are even faster. It has “if-then” contract system with smart contact facility.
Are You a Private / Public Service Holder ? If Answer Yes then crypto Currency is for you. You can trade in different site like Binance , Kucoin Huobi Global, Coinbase Exchange, Kraken, Bitfinex etc.
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