Cryptocurrency is the decentralized digital currency is used over internet. It is the medium of purchase of goods and services like US dollars or rupees but in digital format and there is no physical form. It is in encrypted form means in secure form and no one can crack it because it’s uses the technology cryptography that means in code form.
Cryptocurrency uses encryption to both verify the exchange of money and control creation of monetary unit. World’s best known cryptocurrency is considered as Bitcoin according to the market capitalization. Other cryptocurrency are ripple, Ethereum, dogecoin etc. Bitcoin is lagest in the world and second is Ethereum. Bitcoin was the 1st cryptocurrency that launched in 2008. In traditional financial deals need of a middle man like bank , between the seller or buyer. But in this cryptocurrency you can transfer online without any middle man. Due to not issue by any government it can allow you to transfer worldwide, instantly and 24/07.
These cryptocurrencies are not controlled by any central government or authority. Cryptocurrency managed by persons-person network of computer running and open source software. Any person can participate who wants to.
In cryptocurrency all transactions are vetted by block chain technology without any government or bank involvement. It is secure due to this block chain technology. Block chain works like balance sheet or ledger. In this constantly re – verified the records of every transaction. Each currency has its own block chain. So, it’s secure when you do any transaction using that currency. This block chain distributed over the digital currencies entire network of participants.
Anyone can participate in this digital currency network, no third party, no government, no company can control it. Participants have full control over their own assets.
If you are using cryptocurrency as a paying method, then you don’t need to enter any unnecessary personal information to the merchant. In this manner you can also protect your financial information being shared by third party.
Third party in the sense when you are using traditional financial method ,your financial information can goes to the bank, payment services, credit rating agencies or advertiser.
Block chain technology is uses in almost all the cryptocurrencies to secure the transection. Block chain technology constantly checked or verified by computing power. No government or financial institution tied with cryptocurrency. So, wherever in the world and anything happens to any global financial system this cryptocurrency is available. In this every transaction is verified and checked over the entire network, so there is no room for any manipulation of transection, every transaction is published publically. Changing money supply or adjusting any rules not possible.
In cryptocurrency no payment will be reversed unlike credit card payment. Cryptocurrency transection are highly secure and never been hacked. Cryptocurrencies used to buy goods and service or as an investment and can not be manipulated by anyone because there is no central authority. No Matter where you were burn or where you lives this digital currencies provide you the equal opportunity. It only need a smartphone or any other devices that connected to the internet. You can access the same crypto access like everyone else. In just few minutes you can create a secure account and buy cryptocurrency using debit card or bank account.
Fixed number of coin produce. Limited supply is there. Bitcoins limited supply is 21 millions. In year 2010 its value was 20 rupees in Indian Currency now in 2021 its value become 30 Lakhs. due its fixed supply its value becomes increase or decrease on demand.
Advantage
- Decentralized – controlled through everyone.
- No government control over cryptocurrency.
Disadvantage
- No government or authority controlled it. It is not under any supervision, if there will be any loss no one be responsible.
- Unethical uses.
- It is not Eco- friendly.
Humbly Request To All Visitors!
If you found above both downloading link expired or broken then please must inform admin.
