6 Benefits of Investing in Cryptocurrencies

Monero is an open-source cryptocurrency project with better security and privacy than most virtual currencies. It is designed to give everyone the power to control their finances without government and financial agency oversight. The cryptographic techniques adopted ensure that a spy has zero knowledge of your transactions.

Who created Monero?

Monero is largely a community project without a single individual behind it. More than 240 specialists, consisting of developers and marketers, gathered and encouraged it. However, about 30 developers are known. Anyone can contribute to this network by donating their skills or capital.

Monero does not have a base in any country. Therefore, it could be difficult to close it or limit the operations in a certain country. However, you should not be so sure of this, that China and South Korea have already shown that any cryptocurrency can be disbanded from operations in certain jurisdictions. China officially banned ICOs from operating a couple of months ago.

Monero security features

Without a doubt, Monero Blockchain is one of the safest places for transactions. Ethereum and Bitcoin Blockchains are transparent so anyone can validate the authenticity of a transaction. This means that anyone with superb computer skills and resources can easily decode the user’s real identity. This is extremely revolting as it goes against the main principle behind the user details of decentralized projects-obfuscating.

Monero’s cryptographic techniques mystify user data making it impossible for data sniffers to obtain anything. The two main security protocols employed are ring signatures and stealth addresses. The first mixes all the addresses on the network making it difficult for an outside observer to link a single address to a certain account.

The latter refers to a condition where an address is used for a single transaction only. There cannot be a single address for two or more transfers. Used addresses are not traceable, and new ones are created during the next transaction. In short, all the details regarding the sender, the recipient and the amount transferred are not open to scrutiny. However, this network is not entirely “closed” as individuals can choose who can see their transactions.

Pros of Monero

• Private, secure, and untraceable

• Scalable without blockchain limits

• Strong and capable team

• Widely adopted

• Has a plan to incentivize miners to maintain the blockchain even when the supply runs out

• Selectively transparent-you choose who to see your transaction

Cons of Monero

• It has minute levels of centralization

• Not yet widely adopted

The future of Monero

Decentralized technologies are getting a lot of hype at the moment, and that only means wide recognition. As the technology is widely adopted and governments try to protect users, investors will demand more private-oriented cryptos, and this could only put Monero in the first place for the choice. This Currency is definitely worth giving a shot.

Simply put, cryptocurrency is digital money, which is designed in a way that is secure and anonymous in some cases. It is closely associated with the internet that makes use of cryptography, which is basically a process where read information is converted into a code that cannot be cracked to attack all the transfers and purchases made.

Cryptography has a history dating back to World War II, when there was a need to communicate in the most secure way. Since that time, an evolution of the same has happened and it has become digitized today where various elements of computer science and mathematical theory are used for purposes of securing communications, money and information online.

The first cryptocurrency

The first cryptocurrency was introduced in 2009 and is still known worldwide. Since then, many more cryptocurrencies have been introduced in recent years and today you can find many available on the Internet.

How they work

This type of digital currency makes use of technology that is decentralized to allow different users to make payments that are safe and also, to store money without necessarily using a name or even going through a financial institution. They are mainly managed on a blockchain. A blockchain is a public ledger that is publicly distributed.

Cryptocurrency units are usually created using a process called mining. This usually involves the use of computer power. Doing this way solves the math problems that can be very complicated in the generation of coins. Users are only allowed to buy currencies from brokers and then store them in crypto wallets where they can spend with great ease.

Cryptocurrencies and the application of blockchain technology are still in the infant stages when you think in financial terms. More uses may emerge in the future because there is no telling what will be invented. The future of transactions on shares, bonds and other types of financial assets could be traded well with cryptocurrency and blockchain technology in the future.

Why use cryptocurrency?

One of the main features of these coins is the fact that they are safe and that they offer a level of anonymity that you cannot get anywhere else. There is no way that a transaction can be reversed or forged. This is by far the biggest reason why you should consider using it.

The fees paid on this type of currency are also quite low and this makes it a very reliable option compared to conventional currency. Since they are decentralized in nature, they can be accessed by anyone unlike banks where accounts are opened only by authorization.

Cryptocurrency markets offer a new form of cash and sometimes the rewards can be great. You can make a very small investment only to find that it has developed into something big in a short time. However, it is still important to note that the market can be too volatile, and there are risks that are associated with the purchase.

In the times we live in, technology has made incredible advancements compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus, human life on earth is constantly improving day by day. One of the latest inclusions in this aspect is encryption.

Cryptocurrency is nothing but digital currency, which was designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to generate currency and to verify transactions. New coins are created by a process called mining, while transactions are recorded in a public ledger, which is called Transaction Block Chain.

Little step back

The evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming readable information into a code, which is almost uncrackable. Thus, it becomes easier to track purchases and transfers involving currency. Cryptography, since its introduction in the Second World War to secure communication, has evolved in this digital age, mixing with mathematical theories and computer science. Thus, it is now used to ensure not only communication and information, but also money transfers in the virtual web.

How to use cryptocurrency

It is very easy for ordinary people to make use of this digital currency. Just follow the steps below:

• You need a digital wallet (obviously, to store currency)
• Use the wallet to create unique public addresses (this allows you to receive currency)
• Use public addresses to transfer funds in or out of the wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing more than a software program, which is able to store private and public keys. In addition to this, it can also interact with different blockchains, so users can send and receive digital currency and also keep track of their balance.

How digital wallets work

In contrast to the conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the concept of blockchain has been so cleverly confused with cryptocurrency that currencies are never stored in a particular place. Nor do they exist anywhere in hard cash or physical form. Only records of your transactions are stored in the blockchain and nothing else.

A real life example

Well, a friend sends you a digital currency, say in the form of bitcoin. What this friend does is it transfers the ownership of the coins to your wallet address. Now, when you want to use that money, you have unlocked the fund.

To unlock the fund, you need to match the private key in your wallet with the public address that the coins are allocated to. Only when both private and public addresses match, your account will be credited and the balance in your wallet will be inflated. Meanwhile, the sender’s balance of the digital currency decreases. In transactions related to digital currency, the actual exchange of physical coins never takes place in any instance.

Understand cryptocurrency address

By nature, it is a public address with a unique string of characters. This allows a user or owner of a digital wallet to receive cryptocurrency from others. Each public address, which is generated, has a corresponding private address. This automatic match proves or establishes ownership of a public address. As a more practical analogy, you can consider a public cryptocurrency address as your email address to which others can send emails. Emails are the currency people send you.

Understand the latest version of technology, in the form of cryptocurrency is not hard. One needs a little interest and spend time on the net to get the basics clear.

As we begin to see growth in cryptocurrency trading, there are more and more new digital assets being built every day. The concept of this is absolutely brilliant, only we have been left with a huge problem for many will find less and less current quality investment options in the crypto market. More and more public it seems that only the top 15% of cryptocurrencies will support any significant value over time.

The reality of the ICO is a new idea, but we will see a major change developed to offer the security that is seen with traditional investment instruments. The fact that we are in a playing field where no government or authority can regulate these digital assets opens a door for scammers and cons. This is the major problem with ICOs, even companies that may offer a legitimate product or service may end up wasting investors’ money and leaving token holders with an asset that is truly worthless. This is what the Dibbs ICO is promising to fix along with many other promises to change the world situation through blockchain development.

The Dibbs ICO, presents to the public an erc20 token that has some extra unique features. These tokens can be sold back to the issuer for payment in bitcoin or ether. This is set to be managed by smart contracts that will increase the level of security for investors by offering a safe source for the liquidation of their holdings! The concept is simple and brilliant! The reason for this development is so that Dibbs llc, can demonstrate its ability to create digital assets that offer the same benefits and of course as traditional investments, but with much higher returns, immediate liquidity, and the ability to build new benefits that may be unique. to each symbol. This will be managed first by Dibbs as he oversees the companies that want to launch on his platform, ensuring that what is promised is delivered as we have established in the final phase that makes the entire system autonomous.

With the Dibbs token you can get a piece of every offer that will be launched by this platform! This is the added bonus behind the Dibbs token, it is unmatched for the potential to see extremely high returns in the future. The fact is that no other offer will ever have such a fantastic benefit attached to it. With the release of am altcoin through an ICO, a part of the total supply is arranged and also used as payment to the Dibbs company for its asset production service. In turn, these holdings are distributed to Dibbs token holders in proportion to their holdings.

All I have to say is wow! I went ahead and made this company a central focus for my partners in the financial sector and they all gave it a big thumbs up. I personally put over $5,000 USD into this offer to buy tokens at presale prices. The ICO is not actually going to start until September 2018, but if you come today, you will benefit greatly by saving up to 200%

To learn more about this company check out their website http://dibbs.co.

The Dibbs Coin Offering – dibbs.co

The inflow of institutional cash is from all deferred accounts, and the purchase of Bitcoin is currently only an inflow of USDT tokens.

The days of energy shoppers maxing out their charge cards to buy Bitcoin may be over. Indeed, even the Korean markets have cooled. Either way, exchange the proceeds – this time, saved by the resource Tether (USDT). At first glance, Bitcoin’s value levels are high, at $6,743.53. While altcoins slide, Bitcoin maintains its position, and its value strength expanded again to 43.2% of the aggregate market capitalization for all coins and tokens.

However, the goal of this could be full token liquidity. Printing USDT harmonized with the fast move in Bitcoin started in the middle of the year 2017. Be that as it may, from now on, every infusion of USDT has also caused an enthusiastic purchase for all other means of design. Currently, beginners are either looking for margins, or most have lost the expectation that there are all the fastest additions to be made in crypto. Be that as it may, for committed brokers, using USDT is another source of income.

Despite the fact that more than 2.7 billion USDT were made, not everyone found their way into the BTC exchange. Not long ago, the supply of USDT in BTC exchanges was close to and under 20%, with solid levels in Japanese Yen, US Dollar, Korean Won, and a few different monetary standards. Be that as it may, now, the picture has changed quickly, it ended the course of a couple of days.

As indicated by information from CryptoCompare, more than 54% of all BTC trades are Tether trades, due to the huge supply of Bitfinex exchanges. It seems that currently the crypto markets have moved to a stage where all trades are inside, and the next two years can see the costs move only in the light of the activity of crypto insiders, and not the institutional brokers from the universe of the usual fund.

Half a month ago, Tether went to a lot of altcoins – and now, it seems that the pick up is diverted to Bitcoin. While this could be safe at the costs, no matter how it looks, it also implies that for new Bitcoin buyers, offering a new turn in the welfare of fiat is, in reality, annoying, and they can end up with USDT tokens – which can, in principle, be claimed for money, but the procedure is moderate and there is a penalty of value.

Meanwhile, the crypto resource TrueUSD (TUSD) saw its supply contract drop from 88 million to 81 million tokens, apparently as the tokens were exchanged and turned into cash. For TUSD, reverse trading should be simpler – but this also involves an outflow of assets from the digital market.

Bitcoin created a revolution by introducing the first decentralized digital currency in which people and businesses control their transactions instead of banks and credit cards. Now, we have another revolution in the form of Initial Coin Offering (ICO).

What is an initial coin offering (ICO)?

An ICO is a relatively new fundraising tool that startup companies can use to raise capital through cryptocurrencies/tokens. Here, investors gather money in Bitcoins, Ethereum or other types of cryptocurrencies. It’s like another form of crowdfunding.

Benefits of ICOs

Like Bitcoin, the main benefit of ICOs is that startups do not have to deal with third-party authorities, such as banks and venture capitalists. The ICO provides a number of other conveniences namely:

• Get capital from anywhere in the world

• Potentially high returns for investors

• Quick and easy fundraising

• Limited supply-demand principle in which cryptocurrencies gain value in the future

• The tokens have a liquidity premium

• Little to zero transaction fees

The ICO started gaining popularity in 2017. A great example of May 2017 was the ICO for a new web browser known as Brave. This generated over $35 million in just under 30 seconds. In October of the same year, the total sale of ICO coins carried out at that time was worth $2.3 billion, which was more than 10 times its performance in 2016.

Risks and Dangers of ICOs

Like any new piece of technology, especially considering that millions of dollars are involved, there has been criticism and scrutiny from regulatory authorities. ICOs have involved risks, scams, and controversies that have brought them under the scrutiny of professional companies and government officials.

Some common risks associated with ICOs include:

Lack of Regulation

This is perhaps the biggest problem facing ICOs. Because they do not adhere to the laws and regulations of centralized authorities, the ICO faces a lot of speculation, debate and criticism surrounding its legality.

In the United States, the Securities and Exchange Commission (SEC) of the United States has not yet recognized tokens and ICO investments, which leaves uncertainty about the decision on their regulation. That is why it may be better to invest in startup ICOs that are related to legal companies.

Highh Potential for Scams

Another thing that ICOs are not regulated is that there is potential for fraud or scamming attacks. Those who make bets on ICOs are typically unsophisticated investors.

Investors don’t know if a project that hasn’t been released yet will ever be released. ICOs don’t even disclose personal information. So, for all they know, this is all a big money laundering scandal. On the other hand, there have also been cases of this happening with crowdfunding.

Higher Chances of Failure

A startup that receives its capital through ICO has a higher probability of failure. In fact, a report conducted by a small team from Boston College in Massachusetts, found that 55.4% of token projects fail in less than 4 months.

Conclusions

In the end, ICOs are fast and efficient crowdfunding opportunities, but with quite high risks in terms of security, regulation and high probability of failure. It works for some startups, but a large majority of them don’t. Whether it is something that is moral or not falls on how you consider the consequences and how good your marketing skills are.

Important: This position should not be considered as investment advice. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, crypto markets set the new standard for simple profits. Almost every piece or chip has made incredible returns. “A rising tide lifts all boats,” as they say, and the end of 2017 was a deluge. The rise in prices has created a positive feedback cycle, attracting more and more capital into Crypto. Unfortunately, but inevitably, this galloping market leads to massive investment. Money has been thrown indiscriminately into all sorts of dubious projects, many of which will bear no fruit.

In the current bearish environment, hype and greed are being replaced by critical assessment and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic speakers are no longer enough. Well, the basic reasons to buy or hold a coin are Paramount once again.

Fundamental factors in valuing a cryptocurrency-

There are several factors that tend to conquer hype and price pumps, at least in the long run:

Adoption angle

Although the technology of a cryptocurrency or an ICO business plan may seem surprising without users, they are only dead projects. It is often forgotten that widespread acceptance is an essential characteristic of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.

While the acceptance of Fiat is entrusted by the State, the acceptance of cryptography is purely voluntary. Many factors play into the decision to accept a coin, but perhaps the most important is the likelihood that others will accept the coin.

Security

Decentralization is essential to the I push Model of a true cryptocurrency. Without decentralization, we are a bit closer to a Ponzi scheme than a true cryptocurrency. Trust in individuals or institutions is the problem – a cryptocurrency tries to solve it.

If the dismantling of a currency or a central controller can change the transaction record, it calls into question its basic security. The same applies to parts with unproven code that have not been thoroughly tested over the years. The more you can count on the code to function as described, regardless of human influence, the greater the security of a coin.

Innovation

Valid coins strive to improve their technology, but not at the expense of security. True technological progress is rare because it requires a lot of know-how and even wisdom. Although there are always fresh ideas that can be brought up, if you do so you are vulnerable or critical of the original purpose of a coin, it misses the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or does not receive updates that deal with important issues, it can be a sign that the developers are weak on ideas or motivations.

Incentives

The economic incentives inherent in a currency are easier to understand for the average person. If a coin had a large pre-mine or an ICO (initial share offering) the team held a significant part of chips, then it is quite obvious that the main motivation is profit. Buy what the team offers, play your game and get rich. Make sure you provide tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to reassess and rebalance a crypto portfolio. Based on their solid base, here are five pieces that I feel are worth attacking or maybe buying at their current depressed prices (which, just a warning, could go lower).

#1. Bitcoin (because of its decentralization)

Number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest adoption, the most security (due to the phenomenal energy consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be appropriate) , and most of the Active and rational development. It is also the only piece to date that is represented in the traditional markets in the form of Bitcoin futures trading in the American CME and CBOE.

Bitcoin remains the main driver; The performance of all other shares is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most, if not all other parties, will widen.

Bitcoin has many promising innovations in the pipeline that will soon be installed as additional layers or soft forks. Examples are the Flash system (LN), the tree, Schnorr signatures Mimblewimbleund many more.

In particular, we plan to open a new range of applications for Bitcoin, because it allows large-scale, microtransactions and instant and secure payments. LN is increasingly stable as users test its various possibilities with real Bitcoin. When it becomes easier to use, it can be assumed to benefit greatly from the adoption of Bitcoin.

#2. Litecoin (because of its persistence)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the technology of anonymity of Bitcoin, amazing reports have shown that the adoption of Litecoin in the dark markets is now second, the only bitcoin. Although it is a coin that I have much more appropriate for the role of purchasing illegal goods and services, perhaps this appears as a result of the longevity of Litecoin: It was launched at the end of 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is ready for LN. Litecoin can benefit from an atomic chain exchange. In other words, ensure peer-to-peer trading of currencies without third party participation (ie exchange). Since Litecoin keeps its code largely synchronized with Bitcoin, it is well placed to take advantage of Bitcoin’s technical progress.

#3. Ethereum (via smart contracts)

Ethereum (ETH) has some major problems at the moment. First of all, governments are cracking down on ICOs, and rightly so: many have become either fraudulent or bankrupt. Since most icos run on the Ethereum network as an ERC 20 token, the ICO craze has brought a lot of value to Ethereum in recent years. If the appropriate rules are taken to protect investors, scams of Ethereum projects can claim some legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid system of work and battery detection. Ethereum GPU mining is currently profitable, but Bitmain has just announced a smaller Ethereum ASIC, which is likely to have an impact on the bottom lines of GPU miners. It remains to be seen whether the POW will change—and how successful this change will be.

If Ethereum can survive these two major problems – regulation and mining – it will have shown great resilience. Otherwise, there are many competing coins following their shadows, such as Ethereum Classic (etc), Cardano (ADA) and EOS.

#4. Monero (because of its anonymity)

Although its adoption in the dark markets is not all that could be expected, I (XMR) remains the privacy of the Prime Minister. Its reputation and market capitalization are consistently above those of its rivals – and for good reason.

Monero code requires less confidence than the Zcash “loyal” key ceremony, and it had a fair start, unlike Dash. That Monero recently changed its Pow to defeat the development of a small ASIC for its algorithm confirms the commitment of the mining decentralization piece. A significant drop in the hash rate is due to the new version, which is constantly reported against ASIC. This could also be an opportunity for the GPU and even the minor CPUs to come back to me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow on sensitive lines.

#5. iPRONTO (A Decentralized Incubation Platform)

iPRONTO is an Ethereum chain incubation platform dedicated to investors who are looking for a safe and reliable platform to invest in new ideas and future innovators who can present their ideas and receive opinions from users, Experts in the field on the practice and the implementation of derived ideas.

The ideas of innovators are supported as the NES in Smart Contract format will be signed between the expert platform and the client if the client’s business idea to the Committee for examination and registration on the platform. The idea will not be published for all users on the chain’s public platform, but only for selected members of the target community who are willing to sign the Smart contract to keep the idea confidential.

If you are looking for a reliable custody service for your digital assets, you may want to check out Bitmarque. Started in 2017, Bitmarque is a different cold storage solution, which is free from any point of failure.

The blockchain experts behind this service use military-grade security systems and a secured offline wallet. They made an attempt to bridge the gap between insurance and cryptocurrencies.

In fact, Bitmarque has introduced a true unique insurance for deep cold storage, which is a kind of consortium for concerned investors.

Indeed, the beauty of this new service is that it provides peace of mind for investors.

When it comes to cryptocurrency, the biggest problem that coin holders face is the security issue. In other words, they are worried about losing their digital money. This is where Bitmarque comes to the rescue.

The company has its own digital asset, several financial institutions and offline assets, so it is the only provider of safe custody service for those who have cryptocurrency.

let’s take a closer look at this service.

What is Bitmarque?

As I said before, Bitmarque is a unique service as it offers a secure custody service for cryptocurrency holders.

This service is a pure cold storage solution. It is a combination of multi-sig approval and smart contracts with deeper protection methods. That is why this system is secured by a powerful financial consortium. Therefore, it offers a financial consortium that gives your currency a high level of safety and security. Your deposits will be safe. You don’t have to worry about them.

How safe will your holdings be?

The supplier uses military-grade security protocols, offline systems and cold storage. For added security, the systems are installed around the globe in secret locations. In addition, they make use of a number of encrypted firewall layers for the highest degree of protection.

Since there are many approval systems, you can be sure that digital assets will not go anywhere, no matter what kind of threats there may be. Company employees or top management do not have full access to your assets unless you provide your consent.

How does the service protect your Digital Assets?

If you are concerned about the protection of your digital assets, you know that the security protocols are as safe as the protocols used by the military. The company has a technological solution that offers a high level of encryption and security protocols. The use of smart contracts and physical vaults located in various secret locations around the globe ensures that your digital assets are always in good hands.

Cryptocurrencies supported

You can deposit both Litecoin and Bitcoin, but you can also contact Bitmarque to find out about other currencies. However, they support other cryptocurrencies.

Cost

If you want to join the service, you need to pay a one-time registration fee and a small amount of fee per month and the bank transaction fee. For more information, you can contact Bitmarque.

Join without a recommendation

You cannot join without a recommendation unless you meet certain criteria. It is best to contact the company to discuss the matter.

So, this was a short review of Bitmarque. Hope this helps.

When it comes to small personal investments and family budgeting, most people have no problem using programs like Microsoft Excel, Google Sheets, or another simple spreadsheet tool to track and manage their finances. These tools can also be useful to the financial professional, but there usually comes a time, especially as client lists grow, that simple spreadsheets and free database software can’t keep up. When it comes to managing corporate accounts, and tracking dozens of clients with multiple IRAs, 401(k)s, offshore assets, structured settlements, stocks, bonds and brokerage trading accounts, these tools are usually insufficient. It is at this point that most financial professionals turn to advanced portfolio management software.

These sophisticated programs can be used as everything from a corporate pension management solution to a complete hedge fund system. They provide real-time analysis of various markets, including simulations and advanced trend projections, as well as in-depth statistics and reporting on each individual income stream and asset class. This becomes key when dealing with high net worth clients or dealing with large, highly diversified corporate accounts. Fund managers also rely on these to create hedge fund systems that allow them to closely track and monitor the high-risk (usually volatile) investments that make up these funds. These programs are also very often used by those with highly diversified portfolios as an asset management software solution. As personal or corporate wealth grows, investors should generally diversify their wealth over as many asset classes as possible. Good portfolio management software makes what was once a daunting task quite simple.

Choose a Portfolio Management Software

When it comes time to move from basic spreadsheets to more robust asset management software, there are a few things you need to consider. First, do you manage finances for a corporation, individual clients on a case-by-case basis, or just for your own personal income and revenue streams?

If you are working with a corporation, be sure to select a requirement that works with any other systems already in place, and make sure that it meets your audit and regulatory requirements. Different industries have different standards, so this will be something you have to research about your particular area. In this case, you want something that has been heavily vetted by the relevant members of your organization, especially those charged with maintaining privacy and security, as well as regulatory compliance and reporting standards.

If you are an independent financial professional, you have all the same concerns as a corporate financial manager looking for a hedge fund system or other portfolio management system, as well as a few additional ones such as maintaining client accounts. separate and safe.

The modern concept of cryptocurrency has become very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product has become a success. Decoding Cryptocurrency understands that crypto is something hidden and currency is a medium of exchange. It is a form of currency used in the block chain created and stored. This is done through cryptography techniques to control the creation and verification of the transaction currency. Bit coin was the first cryptocurrency that came into existence.

Cryptocurrency is only part of the process of a virtual database in the virtual world. The identity of the real person here cannot be determined. Also, there is no centralized authority that governs cryptocurrency trading. This currency is equivalent to hard gold kept by people and the value of which is supposed to be increased by leaps and bounds. The electronic system established by Satoshi is a decentralized one where only miners have the right to make changes by confirming the transactions initiated. They are the only providers of human touch in the system.

Counterfeiting the crypto currency is not possible as the whole system is based on hard core mathematical and cryptographic puzzles. Only those who are able to solve these puzzles can make changes to the database which is almost impossible. The transaction once confirmed becomes part of the database or block chain which cannot be reversed then.

Cryptocurrency is nothing but digital money that is created with the help of coding techniques. It is based on the peer-to-peer control system. We now understand how you can benefit from trading in this market.

It cannot be reversed or falsified: Although many people may argue that the transactions are irreversible, but the best thing about cryptocurrencies is that once the transaction is confirmed. A new block is added to the block chain and then the transaction cannot be forged. Become the owner of that block.

Online transactions: This is not only convenient for anyone who is anywhere in the world to transact, but also facilitates the speed with which the transaction is processed. Compared to real time where you need third parties to enter the picture to buy a house or gold or take a loan, you only need a computer and a potential buyer or seller in the case of cryptocurrency. This concept is easy, fast and full of ROI prospects.

The fee is low per transaction: There is a low or no fee taken by miners during transactions as this is taken care of by the network.

Accessibility: The concept is so practical that anyone with access to smartphones and laptops can access the cryptocurrency market and trade anytime anywhere. This accessibility makes it even more lucrative. Since the ROI is commendable, many countries like Kenya have introduced the M-Pesa system which allows a bit currency device which now allows 1 in every three Kenyans to have a bit currency wallet with them.