Cryptocurrencies

Cryptocurrency investment

Cryptocurrency, or crypto, refers to digital currency that leverages blockchain technology to secure transactions. As a decentralised digital payment record system, it documents transactions and issues new coins without using banks for transaction verification, or having central issuing or authority control.

As a digital currency, no physical money is carried, with anyone being able to make or receive payments electronically. Crypto payments are recorded as digital entries on a public ledger and stored in a user’s digital wallet. Advanced coding is used to transmit between wallets and public registers called “blockchain,” ensuring a secure and safe alternative to making transactions.

Crypto digital coins are electronically mined using computer power to decrypt intricate mathematical problems that ultimately generate coins. Bitcoin was established in 2009, with cryptocurrency and blockchain continuing to experience growth and development on the market, be it financially or technologically.

CRYPTO COINS

There are now 100s of cryptocurrencies or Altcoins. The most popular and established include:

Bitcoin

Founded in 2009, it was the first cryptocurrency and is the most generally traded. Satoshi Nakamoto developed the currency – considered a pseudonym for an individual or group whose identity remains a mystery.

Ethereum

First mined in 2015, Ethereum is a blockchain technology platform that uses its cryptocurrency, called Ether (ETH) or Ethereum. after Bitcoin, it is the most popular cryptocurrency.

Litecoin

This is the most similar coin to Bitcoin and has developed quickly and formulated new innovations, such as faster payment processes to carry out higher transaction volumes.

Ripple

Founded in 2012, Ripple uses distributed ledger system, which is used to monitor numerous transactions, not only in cryptocurrency. The company is growing fast and works with multiple banks and financial institutions.

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