Today I will tell you what is Cryptocurrency and how its working:
It is available in virtual currency. it is famouse all over the world.
In 2017 Cryptocurrency has secured his place in share market. Its Called future currency also.
India INR, America USD $ similar way different countries having different currency.
These currency is used on the piece of paper use as a personal currencies .
But cryptocurrency online is used throughout the world.
bitcoin first CryptoCurrency is present in the list of top cryptocurrency today.
CryptoCurrency is an online virtual digital currency. Because it is decentralized
There is no authority or control of any man or country on this, any government of India
Do not control and can force rules. They are dependent on the transaction
In which many different equations are solved in just a few seconds.
Anyone can make anybody by mining it. This is based on blockchain technology
currency is This is a fixed number
How cryptocurrency work :-
mostly on crypto coin blockchain technology
Does. It’s a strong technology but today quite different cryptocurrency –
Based on different technologies, it is being found in front.
Blockchain technology is the first and best example bitcoin. Bitcoin first
The crypto coin is silent. It is also called mother of cryptocurrency.
Now comes the crypto coin’s work so that we can tell you it is completely online virtual
works on the system. This allows you to transfer from one place to another in the whole world.
Or can receive without even informing a mediator, agency or government.
# one recent news i am sharing about Cryptocurrency
Delhi: Virtual currency in the form of Bitcoin, Ether, among others registered their biggest fall ever on Wednesday when the collective cryptocurrency index by almost 80 percent.
The tumble has now surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline after the dot-com bubble burst in 2000, according to a report by Bloomberg.
Like their predecessors during the internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-coins.
“It just shows what a massive, speculative bubble the whole crypto thing was — as many of us at the time warned,” Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform told Bloomberg. “It’s a very likely a winner takes all market — Bitcoin currently most likely.”
Wednesday’s losses were led by Ether, the second-largest virtual currency. It fell 6 percent to USD 171.15 at 7:50 a.m. in New York, extending this month’s retreat to 40 percent. Bitcoin was little changed, while the MVIS CryptoCompare index fell 3.8 percent. The value of all virtual currencies tracked by CoinMarketCap.com sank to USD 187 billion, a 10-month low.
The virtual-currency mania of 2017, fuelled by hopes that Bitcoin would become “digital gold” and that blockchain-powered tokens would reshape industries from finance to food, has quickly given way to concerns about excessive hype, security flaws, market manipulation, tighter regulation and slower-than-anticipated adoption by Wall Street.
Crypto bulls dismiss negative comparisons to the dot-com era by pointing to the Nasdaq Composite’s recovery to fresh highs 15 years later, and to the internet’s enormous impact on society. They also note that Bitcoin has rebounded from past crashes of similar magnitude.
But even if the optimists prove right and cryptocurrencies eventually transform the world, this year’s selloff has underscored that progress is unlikely to be smooth.