Tokenomics Unveiled The Economics of Cryptocurrency

[Khalid Shaikh]

The very first cryptocurrency which comes into the existence was Bitcoin that was created on Blockchain technology and probably it had been released in 2009 by a mystical individual Satoshi Nakamoto. At the time writing this website, 17 million bitcoin have been mined and it's believed that overall 21 million bitcoin might be mined. The other most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and hard forks of Bitcoin like Bitcoin Money and Bitcoin Gold.

It is preferred to consumers not to put all profit one cryptocurrency and try to avoid trading at the peak of cryptocurrency bubble. It's been observed that price has been instantly slipped down if it is on the maximum of the sunpump meme crypto bubble. Because the cryptocurrency is just a erratic market therefore users should invest the amount which they are able to afford to lose as there is no get a grip on of any government on cryptocurrency as it is just a decentralized cryptocurrency.

Steve Wozniak, Co-founder of Apple predicted that Bitcoin is really a true gold and it'll rule all the currencies like USD, EUR, INR, and ASD in potential and become global currency in coming years. Bitcoin was the initial cryptocurrency which arrived to existence and thereafter about 1600+ cryptocurrencies has been introduced with some unique feature for every single coin.

A number of the causes which I have seen and wish to reveal, cryptocurrencies have now been produced on the decentralized platform - so users don't involve a 3rd party to transfer cryptocurrency from one location to another one, unlike fiat currency wherever a person require a program like Bank to transfer income from one account to another. Cryptocurrency developed on a very secure blockchain technology and almost nil chance to hack and take your cryptocurrencies before you don't share your some critical information.