Cryptocurrency is a digital currency that comes with very low transaction costs and is designed to operate independently of a central bank.
Cryptocurrency is a peer to peer virtual currency with no government or central bank. Cryptocurrency works as a decentralized medium of exchange and allows its users to make and receive payments anonymously. Bitcoin is the first decentralized cryptocurrency launched in 2009. It was invented by an unknown programmer or group of programmers under the name of Satoshi Nakamoto. It is an open source project, which means that its design is publicly available for anyone to see or modify.
Cryptocurrency is the future of money and if you have yet to explore the possibilities, then you are seriously missing out.
Where can Cryptocurrency be used?
Basically, cryptocurrency can be used anywhere because it's a universal currency. However by partnering with certain companies especially like HashGains you can use your cryptocurrency to buy tangible assets, which is faster and more secure than traditional bank account transactions.
Cryptocurrency isn't just limited to being a medium of exchange, it's also a medium of investment, and perhaps even the future of global economy. Investing in cryptocurrency is like investing in property; it's long-term money, not short-term gains.
The safest bet your business can make right now, is jumping on the cryptocurrency bandwagon and using it for your business as well as personal transactions.
Cryptocurrency has the potential to be one of the most important technological advancements since the internet. It is a new way of storing and exchanging data that doesn't require a third party, like a bank or other company, to act as the intermediary. Bitcoin was the first example of a cryptocurrency in 2009. Now there are over 800 cryptocurrencies in circulation, with millions of dollars being spent on the creation and development of new ones.
Cryptocurrency is changing the way we look at money, and we are just getting started. This new form of digital currency isn't controlled by any central institution or middlemen. Rather, cryptocurrencies rely on blockchain technology, where every transaction is recorded on a public LEDGER and veri fied by a distributed network of computers.
