What is cryptocurrency?

A cryptocurrency is a form of digital cash. You can use it to pay friends , goods or services. Majority of companies and websites now accepting Crypto Payments. Now you can books hotels, book flights and much more with cryptocurrencies. It’s just like Paypal or Other bank transfers. It’s pretty easy to use.

Traditional online payment gateways owned by organizations. They hold your money for you. If you want to spent it. You need to get their permission to do it.

But In cryptocurrencies. There isn’t any organization. You, your friends, and thousands of others can act as your own banks by running free software. Your computer connects with other people’s computers. You communicate directly. Be your own Bank

You don’t need to sign up for a website with an email address and password to use cryptocurrency. You can download a wide variety of apps to your smartphone to start sending and receiving within minutes.

How many cryptocurrencies are there? What are they worth?

There are about 13 000 different cryptocurrencies in the Market. According to CoinMarketCap.com . And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs. All time high of all cryptocurrencies was $2.6 Trillion .The total value of all bitcoins, the most popular digital currency, was pegged at about $1.2 trillion.

Best cryptocurrencies by market capitalization

The name of cryptocurrency came from from cryptography and currency, With cryptopgraphy we use Advance Math to secure our funds and making sure that no body else can spent them. It’s not much needed to understand Cryptography.

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