Why You Should Invest in Cryptocurrencies

 

 

Cryptocurrencies are a subset of a currency but deserve a separate consideration. Cryptocurrencies are digitally managed, and are managed in a decentralized manner with the use of blockchain technology.

 The integrity of cryptocurrency is assured by encryption protocols and distributed ledgers. This means all market participants hold a record of every historic transaction and this makes transactions effectively permanent and impossible to reverse.

 Bitcoins is the most known crypto currency. Other include Ethereum, Tether, Ripple, Doge coin among others. Each cryptocurrency works in a slightly different way, owing to a different organization or protocol which governs how the currency is managed. 

While the supply of most cryptocurrencies is fixed, there is no limit on the number of competing cryptocurrencies. There is no way to determine the inherent value of a cryptocurrency, based on the fact that its valuation is depended on supply and demand.


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