The first cryptocurrency which makes the living was Bitcoin which was developed on Blockchain technology and possibly it was introduced in 2009 by a mysterious individual Satoshi Nakamoto. During the time publishing this blog, 17 million bitcoin had been mined and it’s believed that overall 21 million bitcoin might be mined. One other most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and difficult forks of Bitcoin like Bitcoin Money and Bitcoin Gold.
It is advised to people not to put all money in one cryptocurrency and avoid trading at the top of cryptocurrency bubble. It’s been seen that price has been suddenly slipped down if it is binomo on the top of the crypto bubble. Since the cryptocurrency is really a unpredictable industry so people must spend the quantity that they can afford to reduce as there’s no get a handle on of any government on cryptocurrency since it is just a decentralized cryptocurrency.
Steve Wozniak, Co-founder of Apple believed that Bitcoin is a actual gold and it will rule all of the currencies like USD, EUR, INR, and ASD in future and become worldwide currency in coming years. Bitcoin was the first cryptocurrency which arrived to living and afterwards about 1600+ cryptocurrencies has been launched with some distinctive feature for each coin.
Some of the reasons which I have seen and wish to share, cryptocurrencies have been made on the decentralized program – therefore customers don’t involve an alternative party to transfer cryptocurrency in one destination to a different one, unlike fiat currency wherever a user desire a platform like Bank to move money from one account to another. Cryptocurrency developed on a very secure blockchain technology and almost nil possiblity to compromise and steal your cryptocurrencies before you don’t share your some critical information.