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What is cryptocurrency?
About Ethereum .
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Cryptocurrency is digital money. They differ from traditional ones in two primary means.
Freedom. Cryptocurrencies are not linked to any current currency, oil cost, or any other assets.
Virtuality. Cryptocurrency exists only in the electronic space, saved in an digital budget.
Cryptocurrency has no Main Bank-type regulatory authority. The only problem of digital money is "mining" by users who run applications. For using the resources ( computer system power) they are paid a specific quantity of online cash. The extra effective the computer system, the extra "mining" there is.
To trade the cryptocurrency genuine money you can use the digital solutions, exchangers such as Qiwi. ATM exchangers have actually recently begun to operate in Moscow.
What cryptocurrencies exist?
There are hundreds of them. Yes, it all began with bitcoin, which appeared in 2009. The boom in the popularity of digital coins began three or 4 years later. And now there have to do with 300 sort of cryptocurrencies traded on the biggest exchange.
Anybody progressed in modern technology, even a schoolboy, can create their very own cryptocurrency. And also this is not a allegory: tech-savvy schoolchildren truly produce their very own cryptocurrencies. Cryptocurrencies are written in similar manner in which programs are created.
The " prefabricated" digital coin requires to be put on an exchange for users to buy it. And also preferably not simply one exchange, however dozens: just like it is more profitable for a farmer to provide milk to 10 shops instead of simply one shop. As well as the more individuals buy your cryptocurrency - the higher its rate will go up.
Why do you require cryptocurrency? What can I purchase with it?
Cryptocurrencies are purchased by individuals that wish to make good cash from their growth. For instance, in 2014 bitcoin was worth $100, and afterwards for a very long time was kept at a cost no greater than $200, and now it deserves greater than $4.7 thousand.
Sponsors call purchasing cryptocurrencies the riskiest, but also the most successful type of investment.