Why is cryptococoncy used?

The Telegraph report says that strict security in identity and transaction system - these two factors are the main reasons for being caught in the cryptococcern or virtual currency. It is difficult to bring it back once it is in the system. At the same time, it has gained more reliability for customers due to low transaction costs. Its technology is decentralized means that the digital currency is close to everyone's hands. Where there is no account of opening of accounts in banks or other financial institutions in the current currency, no customer receives the services.

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Another reason for being attracted to the cryptocoresses market is that there is a great opportunity to invest in less investment. Because, the exchange rate of cryptoCarrences is more than the conventional currency. So there is also the opportunity to become rich overnight. That's why, in recent years, the amount of investment increased in Bitcoin or other top digital currencies.

But it has the opposite direction. That is, if you get the opportunity to become rich as the price increases, then you can get down on the road when the price goes down. Because of the strict secrecy, there is a cryptocarrency at the top of the choice of illegal activity-related transactions. So investors need to be careful about these issues.