What is cryptocurrency?. Review on Tips on Cryptocurrency

Yeah I am sharing some tips on cryptocurrency. I heard about it on a technical channel where they discussed about this Saturday I will share with you my knowledge about it what I have learnt about it we can I start from its definition.

What is cryptocurrency? Cryptocurrency is a digital currency which encryption Technology is used to regulate its use and generate its relay like Indian rupees, us dollar, etc.

It has no physical existence like our flat currency paper.

Which cryptocurrency totally live on internet to guarantee its value and confirms transactions. One user on a network verify every transactions.

How the currency are recorded?

The public ledger the public ledger on which all transactions are recorded is called blockchain. Data store across a network. So it is not easy for any hacker to exploit it.

There is two basic things that you can do with cryptocurrency you can buy or mine cryptocurrency.

Mining cryptocurrency is not easy you need few tools to invest in this basic to get started mining.

First that you required mining hardware you need a ASIC chip for your computer designed specifically to mine cryptocurrency. So you need a very standard computers to mine cryptocurrency you had will be powerful means there should be multiple CPU so that production of the currency Will be high.

Second thing that you need mining software which software should be free with easy to follow instructions that will help you to work with your ASIC.

Third thing is a Bitcoin wallet, where you can store your elected Bitcoins from mining or you have buy.

Question is how you can buy Bitcoins? So I will make it easy for you there are many vendors a website that provide you easy where to buy Bitcoins online. Bitcoins price is very fluctuate by day. The price is perfect to buy also you need a wallet where you can keep this on safely.

There is many way that you can keep this like computer wallet, online wallet, mobile wallet, paper wallet, hardware wallet,

Why you should invest in cryptocurrency?

That is very easy it gives you the maximum profit. Because when its market is up your value of cryptocurrency that you have will increase at that time you can sold them as it is high in market. So you will be in profit. It takes no processing fees because if you are mining Cryptocurrency then you are provided with few Bitcoin.

Some popular cryptocurrency are, popular Bitcoin, black coin, dash, litecoin and many more.

I hope this will helpful for you