How are you all Hope everyone is doing well. Alhamdulillah I am very well. Friends, in today's post I will share some information about cryptocurrency and blockchain technology, hope you will stay with me till the end. So let's get started without further delay.
Cryptocurrency is a digital currency. A man named Satsi Nakamoto started this currency with the intention of creating a currency that would be completely digital and it would only be possible to transact digitally. Keeping all these things in mind he created the first coin called Bitcoin which is currently worth 41k$ Currently there are many coins like Bitcoin which people can trade easily. The name of a beautiful currency without any type of bank out of the traditional trend is cryptocurrency. Its popularity is constantly increasing. You may remember the year 2021 in particular. At that time, the price of Bitcoin increased a lot, people started investing a lot in it and it became a hot topic all over the world.

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There are several reasons behind the popularity of cryptocurrencies, some of the biggest ones I am going to mention and explain to you. The biggest advantage of trading in cryptocurrencies is that the fees are low. You can trade very little in crypto. Which is so low that some satsi will be deducted as your fee. The transaction process here is very robust as blockchain technology is used here. I will talk about blockchain technology in detail and a little later, now for now know that there is a big impact on blockchain technology. Moreover, since crypto goes digital, you can trade the coins from anywhere in the world, there will be no restrictions. Hope you understand all the reasons but I think crypto has become very popular with people.

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Then we talk about blockchain technology. Blockchain is a decentralized technology with no ownership. Since it has no ownership we can say it will last forever. Blockchain technology eliminates the need for banks so transactions can be done hassle-free. Blockchain is mainly used in crypto though. Blockchain technology is being used in many other areas besides crypto. Since we are talking about cryptocurrency and blockchain let's discuss it. We will talk about all the other topics in another post

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Bitcoin is a blockchain technology based coin which makes it easy to transact the coin. Even in a few minutes many transactions can be done which you can do in any bank. Many coins are currently operating and will continue to operate utilizing blockchain. Friends this was today's post. Seen in a new post. Hope everyone read the post. Thanks everyone.