The first cryptocurrency which makes the living was Bitcoin that has been built on Blockchain technology and probably it had been presented in 2009 by a mysterious person Satoshi Nakamoto. During the time writing that blog, 17 million bitcoin have been mined and it is thought that whole 21 million bitcoin might be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and hard forks of Bitcoin like Bitcoin Income and Bitcoin Gold.
It is advised to people never to put all money in one cryptocurrency and try to avoid investing at the peak of cryptocurrency bubble. It's been observed that price has been instantly dropped down when it's on Crypto recovery the peak of the crypto bubble. Because the cryptocurrency is just a unstable market so customers should spend the quantity which they are able to lose as there's number get a grip on of any government on cryptocurrency as it is really a decentralized cryptocurrency.
David Wozniak, Co-founder of Apple predicted that Bitcoin is a true silver and it'll rule all the currencies like USD, EUR, INR, and ASD in potential and become international currency in coming years. Bitcoin was the first cryptocurrency which came into existence and thereafter about 1600+ cryptocurrencies has been launched with some special feature for every coin.
A few of the reasons which I have observed and want to reveal, cryptocurrencies have been developed on the decentralized software - so consumers don't involve an alternative party to move cryptocurrency from destination to a different one, unlike fiat currency where a person desire a software like Bank to move money in one consideration to another. Cryptocurrency developed on a very safe blockchain technology and almost nil chance to compromise and take your cryptocurrencies until you don't reveal your some critical information.
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Posted 2023-10-23 13:50:50
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