About Cryptocurrency Buzzing With This International Digital Currency

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Get Into the Cryptocurrency Buzzing With This
International Digital Currency!
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• We live in a world where anything can get
  trending and people who have the trending thing
  in abundance can earn a lot of money, the money
  may be not a physical dollar, but that money is
  worth more than a thousand dollars! Yes, we are
  talking of the latest buzz about bitcoin.
  Everybody, from children to adults to the
  grandpas was talking about this and wanted to
  invest something into it to earn some more.

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• So, if you were one of them you might want to
  know what cryptocurrency really is, if you do
  want to know this , keep reading further .
• What is cryptocurrency?
• It is a type of money that cannot be felt
  physically but is digital, transparent, secure
  and is run through complicated computer codes.

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• The one good thing about cryptocurrency is that
  it has no regulating or issuing authority for the
  cryptocurrency, cryptocurrency is decentralised
  and government cannot interfere or force it in
  any ways possible.
• The first known cryptocurrency is bitcoin created
  by someone or a group of people caller Satoshi
  Nakamoto in 2008.

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How is cryptocurrency good?

• Like a bank system, bitcoin, the most famous
  cryptocurrency is monitored and recorded by a
  system called blockchain, which has a transaction
  history of single bitcoin exchanged between
  people all around the world, whether they are
  exchanging it with aliens. It is secure because
  no person can change it on their will.

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• It has some other good points as well, there is
  no chance of inflation because only a limited
  number of bitcoins can be mined and that amount
  is 21 million and after it, no new units will be
  mined of this international digital currency.

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• AIt is safe to exchange any amount of
  cryptocurrency without getting your name public,
  people can only know you are trading
  cryptocurrency, otherwise, names of two
  individuals exchanging bitcoins can never be
  found on the blockchain.

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How is cryptocurrency bad?

• We do not need a proof to state that everything
  has its good and bad points, and its the same
  with cryptocurrency. As cryptocurrency is
  sometimes not understood by common people, it is
  not accepted for exchange of goods and services
  everywhere around the world like hard cash. So
  that would take time to make it common all around
  the world until them we can only talk of that.

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• Also, one major drawback of cryptocurrency is
  that as it is not physical we cannot put it in
  our lockers and cannot look back to find it if it
  gets lost on the internet. To get the coins back
  you will have to steal, which everybody knows is
  a crime.

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• Also, drug dealers, smugglers use it in wrong
  ways to do their business as there is no way to
  know who is exchanging money with whom.
• Good luck with the cryptocurrency bubble.

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