Crypto Currency may be alien to you, but don’t worry folks, we are going to explain it you in a very simple way. We don’t want to keep you waiting for long, as we are here to explain the world of crypto currency in a very simple and efficient manner. If you want to know about crypto currency, you must know about the Bitcoin first.
What is Bitcoin?
Bitcoin is open source peer-to-peer transaction software, which enables the transactions between users directly without any intermediate means. Bitcoin is a worldwide crypto-currency and digital payment system developed by a group of programmers called Satoshi Nakamoto.
The software was released way back in 2009, which was created as a reward for mining. Bitcoin can be exchanged for other currencies, services in legal or black markets and products. Initially, people bought this digital currency in large number at very low prices.
Since the inception of Bitcoin, the value has increased significantly. People associated with it have become millionaires. Several of them are living their life in king size, all thanks to the ever growing popularity of Bitcoin.
Digital currencies such as Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash are all called as Crypto-currency. Despite so much popularity of Bitcoin, surroundings around all forms of the digital currency are very volatile and complicated.
Like the normal and traditional currency, one of the best parts about the Bitcoin is that it cannot be counterfeited and stolen. When the digital currencies are exchanged, it is converted into non-decipherable codes, which make them very secure and keep both parties very anonymous.
One more advantage of the digital currency is that it is not government regulated. This means that it is not affected by government rules and regulations as well as any bank fees.
However, the crypto currency has some disadvantages also. These are considered very volatile and unpredictable. If you ignore them, it gives you the opportunity to gain lots of wealth similar to any high-risks investments. If you want to earn, you have to take some risks folks.
If you want to earn lots of money and willing to take risks, you can also be a Millionaire, all you need is the knowledge of the crypto currency tactics. Looking to explore the digital currency world, it’s about time.
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