Beyond Bitcoin Exploring Altcoins and the Cryptocurrency Universe

[Khalid Shaikh]

The initial cryptocurrency which comes into the existence was Bitcoin which was created on Blockchain engineering and probably it was presented in 2009 by a mystical individual Satoshi Nakamoto. During the time writing this website, 17 million bitcoin had been mined and it's believed that complete 21 million bitcoin could be mined. One other most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin like Bitcoin Cash and Bitcoin Gold.

It is advised to users to not set all money in one cryptocurrency and try to avoid investing at the maximum of cryptocurrency bubble. It has been seen that cost has been instantly dropped down when it's on the top of the sunpump meme crypto bubble. Since the cryptocurrency is a unpredictable market so consumers must invest the amount which they can afford to lose as there is number control of any government on cryptocurrency as it is really a decentralized cryptocurrency.

Bob Wozniak, Co-founder of Apple believed that Bitcoin is a actual silver and it will dominate most of the currencies like USD, EUR, INR, and ASD in potential and become global currency in coming years. Bitcoin was the first cryptocurrency which arrived to existence and then around 1600+ cryptocurrencies has been launched with some special feature for each coin.

Some of the causes which I have experienced and want to share, cryptocurrencies have now been produced on the decentralized platform - therefore people don't need an alternative party to transfer cryptocurrency in one destination to a different one, unlike fiat currency where a user desire a software like Bank to transfer money from one bill to another. Cryptocurrency developed on a really secure blockchain technology and almost nil opportunity to compromise and grab your cryptocurrencies before you don't share your some critical information.