The Cryptocurrency: A Thing That You Should Aware Of!

Hi,There welcome To Knowledgesuttra Todays Topic Is Cryptocurrency . Think of it you get up  and realize no physical currency available? Ya its kind of strange but soon it will going to happen, It is assuming that in future banknotes and coins will be take place of cryptocurrency Then u should know about what is cryptocurrancy, no need to panic. Lets get started and try to  understand about cryptocurrency.

What is cryptocurrency ?

We have entered in age of digital era .In this digital era digital transactions was increase in that case we must know about cryptocurrency. The cryptocurrency work as medium of digital exchange using cryptography to secure the transactions. Cryptocurrency also called as digital currency (digital money or electronic money or electronic currency) is the type of currency is available only in digital form,is not get in physical (like bank notes or any coin).but it value as similar to physical currencies.

Origin  Of Cryptocurrency

In 1998 cryptocurrency, Wei Dai published a description of “b-money”.then created bitcoin and other virtual currency.In 2009 bitcoin was created by pseudonymous developer Satoshi Nakamoto. Then shortly released lite-coin in October 2011 .Day by day the new cryptocurrency was develop in our digital market.All Over the world have numerous cryptocurrency,like Bicoin(BTC),Ethereum(ETH),Litecoin(LTC), Ripple(XRP), BitcoinCase(BCH),Cardano (ADA),Dash (DASH),NEO (NEO),EOS,Bitcoin Gold (BTG) . In cryptocurrency Bitcoin is known as gold and remaining all are said to be silver as well. You want to hunt for cryptocurrency in 2018 you will be refer this cryptocurrency Litecoin (LTC), Monero (XMR) , Neo , Cardano (Ada), Ripple (XRP),Iota (MIOTA), Bitcoin Cash

bitcoin and Litecoin use different algorithms.bitcoin use of the longstanding SHA-256 algorithm,where Litecoin use new algorithm known as Scrypt. SHA-256 is consider as to be more complex algorithm than scrypt. Like bitcoin and Litecoin many of cryptocurrency are use different algorithm.In the future the cryptocurrency will be take place of banknotes and coin and it was very helpful for us because we get does not carry banknotes and coin the simple digital transactions will more secure than banknotes and coin.

Hope now u have an idea about what is cryptocurrency. If you want more blog related to cryptocurrency, so do subscribe to our blog and keep  in touch with us in different social media platform.


 

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