Cryptocurrency is a digital currency in which transactions are verifies and records maintained by decentralized system using cryptography such as Bitcoin, Ethereum, Tether, Binance Coin etc. Cryptocurrency can be used for investment, Remittances, Digital payments etc. Cryptocurrency is inherently secure due to its decentralized nature.
Cryptocurrency can be hacks or scams if not stored properly but in case of physical currency laws are established for the protection. Cryptocurrency can be easily converted into physical currency by selling crypto through Crypto ATMs or P2P platforms.
Bitcoin is the leading cryptocurrency which was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakomoto.
Why cryptocurrency is banned in some countries?
Cryptocurrency is banned in 8 to 10 countries including China, India, Algeria, Borocco etc. due to Regularity concerns Financial Stability, Tax Evasion and Costumer Protection.
How cryptocurrency value set?
Cryptocurrency value determined by market interest such as demand or supply. In the case of high demand and low supply, the price goes up. If there is low demand and high supply the price goes down.
Is cryptocurrency is future currency?
The cryptocurrency holds immense potential there is mass adoption of digital currencies, but it is difficult to predict how it will look.
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