What is that cryptocurrencies?... And if it will have future?

in #cryptocurrencies • 7 years ago
Hello, fellows! This time I wanna share with you a little about a the topic that everybody talks: Cryptocurrencies! There’s so many questions that come to us everytime we heard about this topic, for example: What is Cryptocurrency? Where can we find it? Can I exchange it? These coins will lead the economic market in the future? These questions and more will be cleared after you read this, you can contribute with your opinion too!

Let’s begin…


First of all we have to know that Cryptocurrency is just nothing more than a virtual currency based on cryptography wich doesn’t require any official banking entity because it’s an unregulated currency and doesn’t require the intervention of a third person to carry out a transaction.

Since the beginning in 2009 with BitCoin currency, Cryptocurrencies has been increasing and monopolizing in the electronic market because it’s simple and safe, generally controlled by developers, also generates multiple and similar currencys, only changes some specifications or the way to generate it.

4 ways to get cryptocurrencies


Mining: When we talk about this, we think in traditional mining but it’s not like that, it’s something complety different and not so complex. Just connecting a computer, with a high capacity video card, wich solves mathematical problems by trying random numbers to achieve the correct result and generate the cryptocurrency that we are mining.

Changing an official currency (it could be the official currency of your country) to any Cryptocurrency: Through an electronic transaction, as if you were making a transfer. The price of Cryptocurrency would be dictated by the price of demand by day.

Through an exchange: It’s like the operation with a Exchange house, you can change between the different cryptocurrencies placing economic value depending of supply and demand.

Work pages: These are websites that pay for making Jobs, blogs, publications, advertising and others things, these websites pay through a cryptocurrency wallet wich can be changed to the currency of your country.

“The Internet is becoming the town square for the global village of tomorrow” – Bill Gates.

Cryptocurrencies is the future of currency Exchange, cryptocurrencies has been evolving through the years and have been positively accepted by millions of people around the world. Investors have been crucial pieces for the growth of these because they have driven the evolution and have the time to analyze the cryptocurrencies, so cryptocurrency it’s not sci-fi: It’s something big that is happening right now and arrived to stay.

5 predictions about the future of cryptocurrencies.

  • Cryptocurrencies has been growing exponencially, especially this year, BitCoin, Ethereum and others will not stop there, these would keep growing and increasing its value attracting more people each day, involving them in this world and any person could act as an investor through cryptocurrencies.
  • Cryptocurrencies are decentralized, in other words, it haven’t been regulated by any legal entity. In futuro, cryptocurrencies could become official currencys because everyday increase its supply and demand, this carry cryptocurrencies to gain the economic and financial terrain.
  • According to experts, Bitcoin will be the first cryptocurrency that will be legalized, because it is the most used and demanded cryptocurrency in the world.
  • Cryptocurrencies are inviolable; violate its system requires an big investment of money. In the future, if comes quantum computing this could violate the system of developers if they don’t update the security and prevent attacks.
  • In the future cryptocurrencies will replace national and internationals Banks, because Cryptocurrencies are tax free and don’t generate expenses, also it give the facility of Exchange of currencies.
We can say that Cryptocurrencies are leading the world, helping investors to increase their capital and helping Young people to generate money without depending of a office work with a boss moody. People can work and generate these coins with differents methods and change, invest or save this coins because its value is always increasing, and all these cryptocurrencies might have a big increasing in the future like BitCoin.
#money #future
7 years ago in #cryptocurrencies by
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