In this section of the portal Crypt-Mining.net you will find all useful information and articles about cryptocurrencies, their development, changes in the value relative to other digital coins and traditional money, and any fluctuations of the market. Such data will help to analyze what is happening in the world of peer-to-peer payment systems and blockchain, so that even novice miners will be able to increase their profits.
What is cryptocurrency?
Cryptocurrency is a general term for digital currencies that both mined and controlled by cryptographic methods. By saying «cryptographic methods», we are talking about the blockchain. Blockchain — is the technology that creates a chronologically formed chain of blocks, that cannot be ruined and consist of information which can be stored independently from others.
It is important to understand that the quotation of cryptocurrencies has nothing to do with debt obligations, gold reserves or other assets. Their market cost fully depends on the supply and demand. This distinguishes them from traditional or electronic money, as well as various ways of cashless settlement.
Cryptocurrencies have been widely expanding, thanks in large part to the rise of the bitcoin price — the pioneer of the modern cryptocurrencies based on blockchain technology. In its early days, the Bitcoin cost at about three tenths of a cent, by the beginning of 2018 its market value reached a mark of $14 000.
A brief overview of the crypto history
Developments to create the first protocols of «electronic cash» appeared in the early 1980s. However, the fully working and ready for mining cryptocurrency — bitcoin, became available to users only in early 2009.
At the beginning of our decade, several cryptocurrencies appeared at once, the most common of which are Litecoin (LTC), Monero (XMR), Bitcoin Cash (BCH), and Ethereum (ETH). In addition to these, there are also some other digital coins that are in stable demand. Their cost varies from a few cents to several hundred dollars.
In the summer of 2013, along with the Bitcoin system and its open source, on which almost all the cryptocurrencies of that time were based, began to appear absolutely new platforms, allowing to succeed a huge number of different operations. Almost at the same time, some states began to recognize some digital coins as a ways of making payments and purchases.
Nowadays, cryptocurrencies are a full-featured tool for performing cashless transactions. The main exceptions to this generalization include those countries that have not yet recognized bitcoin and other digital coins as an official instrument of payment. However, this does not prevent them from receiving income.
Advantages of earning money on the cryptocurrency market
The main feature of digital coins is that mining of them does not depend on any state of the world, and carried out decentralized. Thus, while there will be demand for crypto, they will continue to grow in price. Besides:
anyone can mine digital currency, regardless of his or her location;
electronic cash transactions are succeeded instantly;
crypto price is not affected by such factors as fluctuations in oil prices, precious metals or the world's major currencies.
How useful is this section of the portal Crypt-Mining.net? Here you can find all the up-to-date information about cryptocurrencies. In addition, it is served in your native language, regardless of the country in which the original source was published.