What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Decade old parallel monetary system exploiting flaws of current system where power being in hands of limited and constant failure or rejection of economy from time to time require decentralised blockchain system where fate of money is decided by each person holding it.
Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.
The global economy is inevitably moving towards a digital eco-system. From investment to money transfer, everything is going paperless. The newest and most promising addition to the digital payment sector is cryptocurrency:
In our society, we normally rely on trusted third parties, such as lawyers, courts, banks and governments to process and keep authoritative records about commercial transactions.These third parties are trusted because we rely on them. If they fail or lie, we suffer.
Cryptocurrencies are interesting because the integrity of the contents of the distributed ledger does not rely on any specific individual or organization. So, rather than relying on trusted third-party organizations to facilitate these commercial transactions, we might instead rely on a trusted blockchain system.This means Cryptocurrencies give us new opportunities to rethink how parts of our society work. Innovation here might reduce friction in the economy, or create new kinds of services and ways of doing business with each other.
How Cryptocurrency trading is different?
Today there are more than 1400 cryptocurrencies available and with extreme volatility they also generate heavy rate of returns with 365 days 24 hour open market comes with promising trading window for all however it is highly recommended to consult Crypto experts for trading tips ,guidance and few innovative players have emerged as handling the complete portfolio for you delivering extremely satisfying rate on investments.