Author Topic: advantages and disadvantages  (Read 891 times)


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advantages and disadvantages
« on: December 18, 2017, 01:30:46 PM »
What is Cryptocurrency?

Crypto Currency is like our local currencies but not authorized by the government, and it’s not stable yet but still, millions of people use it for online shopping and sending/receiving money to others even one of popular Crypto Currency (Bitcoin) launches his ATM in the USA.

In another word, Cryptocurrencies are the digital currencies that are encrypted by Cryptography. It doesn’t have a physical form and used for online transactions. However, there are many websites where you can convert your Cryptocurrencies in real money and transfer to your bank account.

What cryptocurrency is for?

We can use Crypto Currency as the real currency and it’s another medium of exchanging things, but the real money is printed on paper and we can keep them in our pocket physically. Crypto Currency is created and stored electronically which we can save only on our computers or websites. With Crypto Currencies, we can not just shop online and purchase virtual things like domain, hosting, or some internet service, but we can use to buy physical goods and services too.

List of some cryptocurrencies and when they started:

Bitcoin (2009)
Ripple (2013)
Litecoin (2011)
Auroracoin (2014)
Peercoin (2012)
Dogecoin (2013)
Namecoin (2011)
Mastercoin (2013)