Cryptocurrency : An Overview

History of currency.

Cryptocurency is become very popular nowadays. Cryptocurrency is the hybrid of two independent variables one is crypto that means computer algorithm and the other is currency that means generally acceptable form of money . so,currency that is based on cryptography, derived from the computer algorithm is called cryptocurrency.

Origin : The first decentralizedcryptocurrency, bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamot

List of CryptoCurrency

From the graph we can understand that bitcoin has the lion’s share among the other type of cryptocurrency in themarket. People invest more in bitcoin then any other digital currency.

Featres of Cryptocurrency

1. It’s decentralised

2. It’s easy to set up – set up a bitcoin wallet and you are good to go!

3. It’s anonymous

4. It’s completely transparent – stored in the public ledger known as Blockchain.

5. Transaction cost is miniscule.

6. It’s fast.

Advantage of cryptocurreny

1. Mutual Exposure

2. International use

3. Customer anonymity

4. No surprise fees or waiting periods

5. Improving reputation

Disadvantage of cryptocurrency

1. Lack of awareness and understanding

2. Risk of volatility

3. No physical existence

4. Still Developing

Conclusion :
Cryptocurrency is a digitalised currency which is not known by everyone but people find it as new and trending source of investment. It’san investment with a high risk andhigh return that’s the reason why people think that it is a gambling than the investment.At present the market is unable to study it as complete so the ups and downs are not predicatedby the investors. Whenever a new thing is introduced it not fully acceptable by the humans but gradually all will going to accept it and start investing in it.