Facts about cryptocurrency you should know
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Cryptocurrencies are one of the trending topics....
So now today we are going to know some fact about cryptocurrency....
10,000 bitcoins for 2 pizzas
A developer used 10,000 bitcoins to pay for 2 pizzas in 2010. That only points at how far the coin and generally the market have come. In December of 2017, that would have translated to $179,000,000. This would have been enough to buy a Picasso painting that cost that amount back in 2015. This points at growing interest in cryptocurrencies and their volatility over the years. This was 20 million dollars more than the brand value of Arsenal football club by 2017. Imagine buying a global soccer concern for only 2 pizzas in 2010.
Bitcoin is king
The reason bitcoin is the most popular is because it was the first currency whose use can be traced. This is the reason it currently controls about 54% of the projected market value. The current market value for cyrptocurrencies is estimated to be $589 billion. Thats why bitcoin is a king of cryptocurrency.
Over 1500+ Cryptocurrency
Most companies are dealing in cryptocurrency because this is the easiest way to do the transactions of money. Several cryptocurrency launches everyday. There Are 1500+ Cryptocurrencies Around The World And Counting.
Blockchain does it well
Blockchain technology presents more advantages than the fact that it is decentralized
So many wallets
Increase in popularity of cryptocurrencies has led to the rise of numerous wallets where people can store their coins. Each wallet offers unique features and is attractive in its own way. These wallets can be linked to major credit cards to make transactions easier and safer.
Ban in some countries
Countries loves to deal with cryptocurrency but some countries still have some issues to join the crypto world bolivia, Bangladesh, Nepal, Morocco, Kyrgyzstan, and Ecuador are the counties where cryptocurrency are ban by their government. And there's the genuine possibility that this list may grow. For example, Russia has been considering banning payments made in cryptocurrencies for some time
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.