Cryptocurrency

What is Cryptocurrency?

Cryptocurrency is a type of digital form of currency, Use cryptography for the secure transaction and also for its security.

It is built on block chain Technology and exists online only.

The digital form of the currency means we can store it only in digital form, There is no existence of cryptocurrency in physical form. The digital form is basically a type of code, Which is store in your cryptocurrency Account.

Who controls Cryptocurrency?

One of the best features of a cryptocurrency is that it is decentralized, Means no one controls it. It is free from the control of any company and government. Hence no interference of any government.

How to Get or invest in Cryptocurrency?

First of all, before carrying any Cryptocurrency you need a cryptocurrency wallet (Crypto-Wallet) to carry it.

There are two ways to get Crytocurrency-

The first way – By Buying the respected Cryptocurrency from Exchange (Exchange Rate of Cryptocurrency).

Exchange is a commonplace to buy and trade the things, In this case, it is Cryptocurrency.

In Exchange you chack the current Rate of that Crytocurrency form table, Then make payment to buy that Crytocurrency.

Second Way – By Cryptocurrency mining.

This process seems like free, But in a real manner, it is not free. It uses your system hardware to mine Cryptocurrency and this mining process consume a lot of power, Hence the real cost is Power (Electricity).

To mine Cryptocurrency, You need to install the mining software of that particular Cryptocurrency and start mining. It takes very long time mine even a unit of Cryptocurrency.

List of most common cryptocurrency

  • Libra (announced by facebook)
  • BitCoin
  • Litecoin (LTC)
  • Ethereum (ETH
  • Zcash (ZEC
  • Dash (DASH
  • Ripple (XRP
  • Monero (XMR)

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