As different technologies emerged, and so as cryptocurrencies which had taken the world by storm.
-Cryptocurrency market can boost or decline in a week
-Conventional money is managed by banks and the state meanwhile cryptocurrencies are peer to peer
-Cryptocurrencies have reached globally de to digital technology
Bitcoin is the most popular cryptocurrency company. Bitcoin has a market capitalization of US$40B.
Ethereum, Litecoin and Ripple are other known cryptocurrency companies. Blockchain is the technology involved in cryptocurrencies.
Cryptocurrencies are managed by users. Different countries have different approaches in terms of regulating cryptocurrencies.
Some countries have already developed their own cryptocurrency for local use. Decentralisation is important as cryptocurrencies continue to develop
Cryptocurrencies will become modes of payment in the future
Read the full article written by Lorenzo Fioramonti https://theconversation.com/