What are cryptocurrencies
Cryptocurrencies can be described as digital or virtual currencies that are utilized as a standard of exchange at a person-to-person level, empowering direct payments between persons.
Despite existing for numerous years, cryptocurrencies became a global sensation in 2017, when the rate of Bitcoin
climbed to nearly $20.000. 2017, also the year in which cryptocurrency trading
became a well-liked investment and source of active income for people all over the world.
Even though cryptocurrencies still find themselves in a phase of immaturity and early development. The technology presents immense potential. More specific, cryptocurrencies have the potential to be used as securer
, more private value storage mechanism. At the same time, they’re able to process transactions in theoretically more efficient and cheaper ways.