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what is Cryptocurrency ?

what is Cryptocurrency ?

What is Cryptocurrency?? well, Cryptocurrency is a decentralized currency on which non of the Government can fix the rate or value and they cannot track it down.It is based on blockchain system .The value of Cryptocurrency varies time-to-time on the basis of public Demand. Last year the value of 1 bitcoin reaches about $20,000, since it was prohibited in some of the countries.

The fluctuation of Cryptocurrency like Bitcoin was originally made for the mode of transaction.By seeing fluctuation, public took it as a mode of investment. Some people became Millionaire in just few years, whereas some people had faced loss during the fall of Cryptocurrency.

There are alot of people who are mining bitcoin by using their computers and smartphone by solving complex arithmetic and mathematical operations.Mining is nothing but verifying the of transaction by solving complex operations and the miner earns some bitcoins
The smartphone has very limited space and processing power is very low and also it will take several years to earn 1 Bitcoin, so it is impractical for mining via smartphone . The computer or pc having higher-end graphics and processor are more capable of solving complex arithmetic and mathematical operations at the faster rate so that it can generate revenue.

Cryptocurrency is a digital currency, so it can be hacked . There are very less chance of being so but is anyone targets you than you may lose your money. The best way to preventing is choose a complex password must contains uppercase and lowercase , digits and symbols.

If you want to invest in bitcoin than your free to go but it is risky and there is no guarantee that the rate will increase. You may Millionaire bollinor or may become looser.
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