About Cryptocurrency Buzzing With This International Digital Currency

2. Get Into the Cryptocurrency Buzzing With This International Digital Currency!

3. We live in a world where anything can get trending and people who have the trending thing in abundance can earn a lot of money, the money may be not a physical dollar, but that money is worth more than a thousand dollars! Yes, we are talking of the latest buzz about bitcoin. Everybody, from children to adults to the grandpas was talking about this and wanted to invest something into it to earn some more.

5. So, if you were one of them you might want to know what cryptocurrency really is, if you do want to know this , keep reading further . What is cryptocurrency? It is a type of money that cannot be felt physically but is digital, transparent, secure and is run through complicated computer codes.

6. The one good thing about cryptocurrency is that it has no regulating or issuing authority for the cryptocurrency, cryptocurrency is decentralised and government cannot interfere or force it in any ways possible. The first known cryptocurrency is bitcoin created by someone or a group of people caller Satoshi Nakamoto in 2008.

8. How is cryptocurrency good? Like a bank system, bitcoin, the most famous cryptocurrency is monitored and recorded by a system called blockchain, which has a transaction history of single bitcoin exchanged between people all around the world, whether they are exchanging it with aliens. It is secure because no person can change it on their will.

9. It has some other good points as well, there is no chance of inflation because only a limited number of bitcoins can be mined and that amount is 21 million and after it, no new units will be mined of this international digital currency.

11. AIt is safe to exchange any amount of cryptocurrency without getting your name public, people can only know you are trading cryptocurrency, otherwise, names of two individuals exchanging bitcoins can never be found on the blockchain.

12. How is cryptocurrency bad? We do not need a proof to state that everything has its good and bad points, and it’s the same with cryptocurrency. As cryptocurrency is sometimes not understood by common people, it is not accepted for exchange of goods and services everywhere around the world like hard cash. So that would take time to make it common all around the world until them we can only talk of that.

14. Also, one major drawback of cryptocurrency is that as it is not physical we cannot put it in our lockers and cannot look back to find it if it gets lost on the internet. To get the coins back you will have to steal, which everybody knows is a crime.

15. Also, drug dealers, smugglers use it in wrong ways to do their business as there is no way to know who is exchanging money with whom. Good luck with the cryptocurrency bubble.