What Most People Do with Cryptocurrency?
The idea of money has come a long way and has played a part in the development of human history for at least 3,000 years. Humans have moved from the barter system to coins and paper money. Cryptocurrencies are sort of the latest evolution of money and many are starting to catch on.
Cryptocurrencies are one of the most discussed subjects in the world at the moment. There's pretty much something about cryptocurrency in the news every day. Given cryptocurrencies' widespread prominence, it is easy to assume that half of the world has at least heard of cryptocurrency.
In 2021, at least 300 million people around the world will actively use cryptocurrency. Most users around the world are from India, the United States and Nigeria. A growing number of transactions happen every day on the best cryptocurrency exchange UK, US, Africa, Asia and other parts of the world.
But, what do we really know about cryptocurrency? Is it actually useful?
What is cryptocurrency?
Cryptocurrency is any digital currency, secured by cryptography, used to exchange goods and services online, and is powered by blockchain technology.
There are at least 4,000 different cryptocurrencies in the world with each cryptocurrency varying in level of importance. These are some of the most important ones;
Bitcoin. Ethereum. Litecoin. Cardano. Polkadot. Bitcoin Cash. Stellar. Chain Link. Binance Coin. Tether. Monero.
Most of these cryptocurrencies are created by companies in the form of tokens which could be accumulated over time. Countries including the UK, US, Canada and Australia allow the use of cryptos and that helps to make them more valuable.
What do people use cryptocurrencies for?
There are many...